{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6146","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6146","heading":"Deposit required","body":"A. A prepaid dental plan organization shall keep on deposit\n\nwith the Insurance Commissioner cash certificates of deposit issued\n\nby solvent insured banks and trust companies in Oklahoma, or a\n\ncombination of cash certificates or securities eligible for\n\ninvestment of capital funds, which have been approved by the\n\nCommissioner in the following amounts:\n\nNumber of members Deposit\n\n5,000 or less $25,000.00\n\n5,001 - 7,500 $30,000.00\n\n7,501 - 10,000 $50,000.00\n\n10,001 - 15,000 $75,000.00\n\n15,001 - 20,000 $100,000.00\n\n20,001 - 25,000 $125,000.00\n\n25,001 - 30,000 $150,000.00\n\n30,001 - 40,000 $175,000.00\n\n40,001 and above $200,000.00\n\nB. The deposit required by the provisions of subsection A of\n\nthis section shall be held by the Commissioner in trust for the\n\nbenefit and protection of persons covered by a prepaid dental plan\n\nand shall not be subject to attachment by any creditors of the\n\nprepaid dental organization or plan.\n\nC. Any securities required by the provisions of subsection A of\n\nthis section, with the approval of the Commissioner, may be\n\nexchanged for similar securities or cash of equal amount. Interest\n\non securities deposited shall be payable to the prepaid dental plan\n\norganization depositing such securities.\n\nD. An unpaid final judgment arising upon a membership coverage\n\nshall be a lien on the deposit held by the Commissioner, subject to\n\nexecution after thirty (30) days from the entry of final judgment,\n\nunless the judgment is satisfied. If the deposit held by the\n\nCommissioner is reduced, the deposit shall be replenished within\n\nninety (90) days by the prepaid dental plan organization.\n\nE. The deposit prescribed by the provisions of subsection A of\n\nthis section shall not apply to a prepaid dental plan organization\n\nwhich is funded by the state, a political subdivision of the state,\n\nor the United States.\n\nF. Upon liquidation or dissolution of a prepaid dental plan\n\norganization and the satisfaction of all debts and liabilities of\n\nthe organization, any balance remaining of the cash or securities\n\ndeposit as prescribed in subsection A of this section together with\n\nany other assets of the prepaid dental plan organization shall be\n\nreturned by the Commissioner to the prepaid dental plan\n\norganization.","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":"3188e442a4054dce62e330a32fa2a541f663c7aeec5ea2b8a27f5494c72fb053","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6145","next":"us-ok/okla.-stat.-tit.-36-36-6147"},"notice":"GroundRules: Original legal text. Not legal advice."}