Oklahoma § 36-1616 - Limitations on investments in corporate securities
Full text of Oklahoma Oklahoma Statutes § 36-1616 — Limitations on investments in corporate securities, with citation guidance and answers to common questions.
§ 36-1616. Limitations on investments in corporate securities
A. Except with the consent of the Insurance Commissioner, no
domestic life insurer shall, in addition to other investments
permitted by this article, invest an amount equal in the aggregate
to more than ten percent (10%) of its assets, or in the case of a
domestic nonlife insurer, an amount equal in the aggregate to more
than twenty percent (20%) of its assets in the shares of solvent
corporations created or existing under the laws of the United States
or of any state. Investing in the shares of mutual funds that
invest only in bonds or preferred stocks shall be considered as
investing in bonds or preferred stocks, and investing in mutual
funds that invest in common stocks shall be considered as investing
in common stocks. However, investments in the shares of
subsidiaries or companion insurance companies shall be governed by
Section 1652 of this title and this subsection shall not apply to
investments by domestic insurers in the shares of insurance
subsidiaries.
B. For the purpose of determining the investment limitation
imposed by this article, the insurer shall value securities
purchased pursuant to the provisions of this article at the cost of
the security or at the market value of the security, whichever is
lower.
Added by Laws 1957, p. 288, § 1616, operative July 1, 1957. Amended
by Laws 1959, p. 136, § 1, emerg. eff. April 15, 1959; Laws 1965, c.
123, § 14; Laws 1967, c. 242, § 5, emerg. eff. May 5, 1967; Laws
1975, c. 14, § 1; Laws 2005, c. 129, § 12, eff. Nov. 1, 2005; Laws
2005, c. 425, § 2, eff. Nov. 1, 2005; Laws 2007, c. 125, § 17, eff.
July 1, 2007.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1616
What does Oklahoma Statutes § 36-1616 cover?
Section 36-1616 ("Limitations on investments in corporate securities") 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 § 36-1616?
A common citation format is "Oklahoma Statutes § 36-1616" (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 § 36-1616 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.