Oklahoma § 18-482 - Permission to do business - Statements - Deposit
Full text of Oklahoma Oklahoma Statutes § 18-482 — Permission to do business - Statements - Deposit, with citation guidance and answers to common questions.
§ 18-482. Permission to do business - Statements - Deposit
Every company, before transacting any business in the State of
Oklahoma, under Section 481 et seq. of this title, shall deposit
with the Insurance Commissioner of the state a copy of its charter
or articles of incorporation and a statement signed and sworn to by
its president and secretary, showing the assets and liabilities. If
said Insurance Commissioner shall be satisfied that such company has
authority under its charter to do the business provided for in this
article, and that it has a paid-up capital of not less than Five
Hundred Thousand Dollars ($500,000.00) in cash or its equivalent,
and is able tokeep and perform its contracts and has a good
reputation for the prompt and equitable settlement and adjustment of
liabilities accruing upon its undertakings, he shall grant authority
in writing to such company to do business in this state, but before
granting such authority the said corporations shall also be required
to comply with the requirements of Section 613 of Title 36 of the
Oklahoma Statutes, relating to insurers issuing policies of surety
insurance. Provided however, the deposit requirements of subsection
A of Section 613 of Title 36 of the Oklahoma Statutes shall not
Oklahoma Statutes - Title 18. Corporations
apply to companies that solely write bonds that cover grain
warehouse storage.
Amended by Laws 1986, c. 129, § 1, emerg. eff. April 14, 1986; Laws
1988, c. 291, § 1, eff. Nov. 1, 1988.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-482
What does Oklahoma Statutes § 18-482 cover?
Section 18-482 ("Permission to do business - Statements - Deposit") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-482?
A common citation format is "Oklahoma Statutes § 18-482" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-482 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.