Oklahoma § 36-1602 - Eligible investments
Full text of Oklahoma Oklahoma Statutes § 36-1602 — Eligible investments, with citation guidance and answers to common questions.
§ 36-1602. Eligible investments
A. Insurers shall invest in or loan their funds on the security
of, and shall hold as assets, only eligible investments as
prescribed in this article.
B. Any particular investment held by an insurer on the
effective date of this Code or any amendment hereto, and which was a
legal investment at the time it was made, and which the insurer was
legally entitled to possess immediately prior to such effective
date, shall be deemed to be an eligible investment.
C. The eligibility of an investment shall be determined as of
the date of its making or acquisition.
D. Any investment limitation based upon the amount of the
insurer's assets or particular funds shall relate to assets or funds
Oklahoma Statutes - Title 36. Insurance
as shown by the insurer's annual statement as of December 31 last
preceding date of investment, or as shown by a current financial
statement on file with the Commissioner.
Laws 1957, p. 285, § 1602; Laws 1965, c. 123, § 1; Laws 1967, c.
242, § 2, emerg. eff. May 5, 1967.
Frequently Asked Questions About Oklahoma § 36-1602
What does Oklahoma Statutes § 36-1602 cover?
Section 36-1602 ("Eligible investments") 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 § 36-1602?
A common citation format is "Oklahoma Statutes § 36-1602" (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 § 36-1602 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.