{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-2908","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-2908","heading":"Organization of reciprocal insurer","body":"A. Two or more persons domiciled in Oklahoma may organize a\n\ndomestic reciprocal insurer and make application to the Insurance\n\nCommissioner for a certificate of authority to transact insurance.\n\nB. The proposed attorney shall fulfill the requirements of and\n\nshall execute and file with the Insurance Commissioner, when\n\napplying for a certificate of authority, a declaration setting\n\nforth:\n\n1. The name of the insurer;\n\n2. The location of the insurer's principal office, which shall\n\nbe the same as that of the attorney and shall be maintained within\n\nthis state;\n\n3. The kinds of insurance proposed to be transacted;\n\n4. The names and addresses of the original subscribers;\n\n5. The designation and appointment of the proposed attorney and\n\na copy of the power of attorney;\n\n6. The names and addresses of the officers and directors of the\n\nattorney, if a corporation, or its members, if a firm;\n\n7. The powers of the subscribers' advisory committee, and the\n\nnames and terms of office of the members thereof;\n\n8. That all monies paid to the reciprocal shall, after\n\ndeducting therefrom any sum payable to the attorney, be held in the\n\nname of the insurer and for the purposes specified in the\n\nsubscribers' agreement;\n\n9. A copy of the subscribers' agreement;\n\n10. A statement that each of the original subscribers has in\n\ngood faith applied for insurance of a kind proposed to be\n\ntransacted, and that the insurer has received from each such\n\nsubscriber the full premium or premium deposit required for the\n\npolicy applied for, for a term of not less than six (6) months at an\n\nadequate rate theretofore filed with and approved by the Insurance\n\nCommissioner;\n\n11. A statement of the financial condition of the insurer, a\n\nschedule of its assets, and a statement that the surplus as required\n\nby Section 2907 of this article is on hand; and\n\n12. A copy of each policy, endorsement, and application form it\n\nthen proposes to issue or use.\n\nSuch declaration shall be acknowledged by the attorney in the\n\nmanner required for the acknowledgement of deeds.","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":"3868a1acee383468d3ebb699613dcfba023736421424569c37302e1fdcb1d7e9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-2907","next":"us-ok/okla.-stat.-tit.-36-36-2909"},"notice":"GroundRules: Original legal text. Not legal advice."}