Oklahoma § 36-625.4 - Credit against premium tax
Full text of Oklahoma Oklahoma Statutes § 36-625.4 — Credit against premium tax, with citation guidance and answers to common questions.
§ 36-625.4. Credit against premium tax
A. One hundred percent (100%) of any assessment paid by an
insurer under the Oklahoma Property and Casualty Insurance Guaranty
Association Act shall be allowed to that insurer as a credit against
its premium tax levied under Section 624 of Title 36 of the Oklahoma
Statutes. The tax credit referred to in this section shall be
Oklahoma Statutes - Title 36. Insurance
allowed at a rate of ten percent (10%) per year for ten (10)
successive years following the date of assessment and, at the option
of the insurer, may be taken over an additional number of years.
The balance of any tax credit not claimed in a particular year may
be reflected in the books and records of the insurer as an admitted
asset of the insurer for all purposes.
B. Available credit against premium tax allowed under
subsection A of this section may be transferred or assigned among or
between insurers if:
1. A merger, acquisition, or total assumption of reinsurance
among or between the insurers occurs; or
2. The Insurance Commissioner by order approves the transfer or
assignment.
Added by Laws 2002, c. 307, § 11, eff. Nov. 1, 2002.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-625.4
What does Oklahoma Statutes § 36-625.4 cover?
Section 36-625.4 ("Credit against premium tax") 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 § 36-625.4?
A common citation format is "Oklahoma Statutes § 36-625.4" (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 § 36-625.4 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.