{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-2801","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-2801","heading":"Organization authorized – Purposes – Power to make","body":"assessments.\n\nAny fifty or more persons of lawful age, who shall be resident,\n\nbona fide farmers, and collectively shall own property of not less\n\nthan Twenty-five Thousand Dollars ($25,000.00), which they desire to\n\nhave insured, may associate themselves together for the purpose of\n\ninsuring any or all property located in this state, as provided in\n\nthis article, against loss by fire, lightning, tornado, and theft,\n\nand against property and liability loss and to provide extended\n\ncoverage, and they may assess upon and collect from each other such\n\nsums of money as from time to time may be necessary to pay losses,\n\noccurring from fire, lightning, tornado, and theft, property and\n\nliability loss and protection for the events provided by extended\n\ncoverage insurance, to insured members of such associations. The\n\nassessment and collection of such sums of money shall be prescribed\n\nand regulated by the bylaws of such association. Such associations\n\nshall comply with all provisions of the Insurance Code not\n\ninconsistent with the provisions of this article.","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":"baa5e573983949b7d88c4de0f321775e16efe30e550cfce12b898b8562e2da3c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-2738.1","next":"us-ok/okla.-stat.-tit.-36-36-2802"},"notice":"GroundRules: Original legal text. Not legal advice."}