{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-1616","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-1616","heading":"Limitations on investments in corporate securities","body":"A. Except with the consent of the Insurance Commissioner, no\n\ndomestic life insurer shall, in addition to other investments\n\npermitted by this article, invest an amount equal in the aggregate\n\nto more than ten percent (10%) of its assets, or in the case of a\n\ndomestic nonlife insurer, an amount equal in the aggregate to more\n\nthan twenty percent (20%) of its assets in the shares of solvent\n\ncorporations created or existing under the laws of the United States\n\nor of any state. Investing in the shares of mutual funds that\n\ninvest only in bonds or preferred stocks shall be considered as\n\ninvesting in bonds or preferred stocks, and investing in mutual\n\nfunds that invest in common stocks shall be considered as investing\n\nin common stocks. However, investments in the shares of\n\nsubsidiaries or companion insurance companies shall be governed by\n\nSection 1652 of this title and this subsection shall not apply to\n\ninvestments by domestic insurers in the shares of insurance\n\nsubsidiaries.\n\nB. For the purpose of determining the investment limitation\n\nimposed by this article, the insurer shall value securities\n\npurchased pursuant to the provisions of this article at the cost of\n\nthe security or at the market value of the security, whichever is\n\nlower.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"62d3e335897c27c377689ba7f46b28545cc5e96416b2a8793553bd13fc101cfd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-1615","next":"us-ok/okla.-stat.-tit.-36-36-1617"},"notice":"GroundRules: Original legal text. Not legal advice."}