{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-625.4","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-625.4","heading":"Credit against premium tax","body":"A. One hundred percent (100%) of any assessment paid by an\n\ninsurer under the Oklahoma Property and Casualty Insurance Guaranty\n\nAssociation Act shall be allowed to that insurer as a credit against\n\nits premium tax levied under Section 624 of Title 36 of the Oklahoma\n\nStatutes. The tax credit referred to in this section shall be\n\nallowed at a rate of ten percent (10%) per year for ten (10)\n\nsuccessive years following the date of assessment and, at the option\n\nof the insurer, may be taken over an additional number of years.\n\nThe balance of any tax credit not claimed in a particular year may\n\nbe reflected in the books and records of the insurer as an admitted\n\nasset of the insurer for all purposes.\n\nB. Available credit against premium tax allowed under\n\nsubsection A of this section may be transferred or assigned among or\n\nbetween insurers if:\n\n1. A merger, acquisition, or total assumption of reinsurance\n\namong or between the insurers occurs; or\n\n2. The Insurance Commissioner by order approves the transfer or\n\nassignment.","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":"d401b3e0f16a54435df09ff0bd0ab59219813531a8a64811ea984a8913c7aab2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-625.3","next":"us-ok/okla.-stat.-tit.-36-36-626"},"notice":"GroundRules: Original legal text. Not legal advice."}