Oklahoma § 36-1606 - Required capital investments
Full text of Oklahoma Oklahoma Statutes § 36-1606 — Required capital investments, with citation guidance and answers to common questions.
§ 36-1606. Required capital investments
After the effective date of this act, until an insurer
authorized to transact business shall have assets of One Million
Dollars ($1,000,000.00) or in the case of insurers authorized to
transact business prior to the effective date of this act shall have
assets in an amount equal to three (3) times the minimum paid-in
capital that was required of a like domestic stock insurer on
January 1, 1979, it shall invest and maintain its funds only in cash
and the securities described in the following sections of this
article: Section 1607 (Securities of or guaranteed by the United
States); Section 1608 (State and Canadian public obligations);
Section 1609 (County, municipal and district obligations); Section
1610 (Public improvement bonds); and Section 1620 (Deposits: Banks,
Savings and Loan).
Laws 1957, p. 286, § 1606; Laws 1959, p. 292, § 8; Laws 1965, c.
123, § 5; Laws 1967, c. 242, § 4, emerg. eff. May 5, 1967; Laws
1980, c. 185, § 8, eff. Oct. 1, 1980.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1606
What does Oklahoma Statutes § 36-1606 cover?
Section 36-1606 ("Required capital 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 § 36-1606?
A common citation format is "Oklahoma Statutes § 36-1606" (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 § 36-1606 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.