{"data":{"id":"us-ok/okla.-stat.-tit.-51-51-172","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 51, § 51-172","heading":"Rural water supply and sewage disposal corporations -","body":"Insurance.\n\nA. The governing body of any corporation organized not for\n\nprofit for the primary purpose of developing and providing rural\n\nwater supply and sewage disposal facilities to serve rural residents\n\nand districts formed pursuant to the Rural Water, Sewer, Gas and\n\nSolid Waste Management Districts Act, Section 1324.1 et seq. of\n\nTitle 82 of the Oklahoma Statutes, may:\n\n1. Insure said entity against all or any part of any liability\n\nit may incur for death, injury or disability of any person or for\n\ndamage to property, either real or personal;\n\n2. Insure any employee of said entity against all or any part\n\nof his liability for injury or damage resulting from an act or\n\nomission in the scope of employment;\n\n3. Insure against the expense of defending a claim against said\n\nentity or its employee, whether or not liability exists on such\n\nclaim;\n\n4. Insure said entity or its employee against any loss, damage\n\nor liability as provided by Sections 702 through 708 of Title 36 of\n\nthe Oklahoma Statutes; or\n\n5. Provide other forms of insurance provided for in Title 36 of\n\nthe Oklahoma Statutes.\n\nThe cost or premium of any such insurance is a proper\n\nexpenditure of said entity.\n\nAs used in this subsection, \"employee\" means any person who has\n\nacted in behalf of said entity, whether that person is acting on a\n\npermanent or temporary basis with or without being compensated or on\n\na full-time or part-time basis. The term \"employee\" shall also\n\ninclude but not be limited to all elected or appointed officers,\n\nmembers of governing bodies of said entity, and other persons\n\ndesignated by said entity to act in its behalf.\n\nB. Any insurance authorized by law to be purchased, obtained or\n\nprovided by said entity may be provided by:\n\n1. Self-insurance, which may be, but is not required to be,\n\nfunded by appropriations to establish or maintain reserves for self-\n\ninsurance purposes;\n\n2. Insurance with any insurer authorized to transact insurance\n\nin this state;\n\n3. Insurance secured in accordance with any other method\n\nprovided by law; or\n\n4. Any combination of insurance authorized by this section.\n\nC. Two or more said entities or public agencies, by interlocal\n\nagreement made pursuant to Section 1001 et seq. of Title 74 of the\n\nOklahoma Statutes, may provide insurance for any purpose by any one\n\nor more of the methods specified in this section. The pooling of\n\nself-insured reserves, claims or losses among said entities as\n\nauthorized in this act shall not be construed to be transacting\n\ninsurance nor otherwise subject to the provisions of the laws of\n\nthis state regulating insurance or insurance companies. Two or more\n\nsaid entities may also be insured under a master policy or contract\n\nof insurance. Premium costs may be set individually for each entity\n\nor apportioned among participating entities as provided by the\n\nmaster policy or contract.","path":["OK Code","Title 51"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os51.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"15d0417fedcb20fc529f76cce12910435fd1d8fae4147fb73a8571c0962d26ec","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-51-51-171","next":"us-ok/okla.-stat.-tit.-51-51-18"},"notice":"GroundRules: Original legal text. Not legal advice."}