{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-610","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-610","heading":"Capital funds or minimum surplus required","body":"A. To qualify for authority to incorporate an insurance company\n\nor to transact any one or more kinds of insurance an insurer shall\n\npossess and maintain, after the effective date of this act, surplus\n\nin regard to policyholders, which is defined as the aggregate of the\n\ncapital and surplus, in an amount not less than One Million Five\n\nHundred Thousand Dollars ($1,500,000.00).\n\nB. Any domestic insurer lawfully authorized to transact the\n\nbusiness of insurance in Oklahoma immediately prior to the effective\n\ndate of this act shall not be required to increase its capital or\n\nsurplus to meet increased requirements of this act, provided,\n\nhowever, that in no event shall such insurer reduce its capital or\n\nsurplus below the figure required of such insurer on October 31,\n\n2002.\n\nC. Wherever the language paid-in capital, capital, capital\n\nstock or a similar term (if a stock company) or surplus, expendable\n\nsurplus or a similar term (if a mutual or reciprocal insurer) is\n\nused elsewhere in this code, the term surplus in regard to\n\npolicyholders may be used interchangeably when applicable.","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":"78c73860ebbd445c07e1d5fd825fc5c6f700454592203508e794592bedd3b83c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6092","next":"us-ok/okla.-stat.-tit.-36-36-6101"},"notice":"GroundRules: Original legal text. Not legal advice."}