{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-2603","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-2603","heading":"Certificate of authority; requirements","body":"The Insurance Commissioner shall issue a certificate of\n\nauthority authorizing the applicant to issue contracts to its\n\nsubscribers when it is shown to the satisfaction of the Commissioner\n\nthat:\n\n1. The applicant is established as a bona fide not-for-profit\n\nhospital service or indemnity corporation and/or a not-for-profit\n\nmedical or indemnity corporation;\n\n2. The contracts between the applicant and the participating\n\nhospitals, physicians, or other health care providers, if any,\n\nobligate each hospital, physician, or other health care provider\n\nexecuting the same to render service to which each subscriber may be\n\nentitled under the terms of the contract to be issued to the\n\nsubscribers;\n\n3. The amounts provided as working capital of the corporation\n\nare repayable, without interest, out of operating expenses;\n\n4. The amount of money actually available for working capital\n\nis sufficient to carry on the plan for a period of six (6) months\n\nfrom the date of issuance of the certificate of authority; and\n\n5. The applicant has secured contracts of participation from\n\nsufficient hospitals, physicians, or other health care providers to\n\nprovide ample protection for its subscribers within the area\n\nproposed to be served by the applicant.","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":"f719f484b1441880e8bb7a92d90b9980a0884d1421a711fa69b77522341ff64c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-2602","next":"us-ok/okla.-stat.-tit.-36-36-2604"},"notice":"GroundRules: Original legal text. Not legal advice."}