Oklahoma § 36-1620 - Investment or deposit of funds
Full text of Oklahoma Oklahoma Statutes § 36-1620 — Investment or deposit of funds, with citation guidance and answers to common questions.
§ 36-1620. Investment or deposit of funds
A. An insurer may invest or deposit any of its cash funds on
deposit in checking or savings accounts, under certificates of
deposit, or in solvent banks or trust companies, which are insured
by the Federal Deposit Insurance Corporation.
B. An insurer may invest or deposit any of its funds in
checking, share or saving accounts under certificates of deposit or
Oklahoma Statutes - Title 36. Insurance
time deposits in solvent savings and loan associations which are
insured by the Federal Deposit Insurance Corporation.
C. An insurer may invest or deposit any of its cash funds in
share, share draft, under certificates of deposit or time deposits
in solvent credit unions which are insured by the National Credit
Union Administration.
D. All certificates of deposits or other time deposit
instruments shall be classified as negotiable and transferrable as
required by Section 1703 of this title.
Added by Laws 1957, p. 289, § 1620, operative July 1, 1957. Amended
by Laws 1980, c. 362, § 20, emerg. eff. June 27, 1980; Laws 1986, c.
251, § 25, eff. Nov. 1, 1986; Laws 1987, c. 175, § 17, eff. Nov. 1,
1987; Laws 2012, c. 44, § 8, eff. Nov. 1, 2012.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1620
What does Oklahoma Statutes § 36-1620 cover?
Section 36-1620 ("Investment or deposit of funds") 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 § 36-1620?
A common citation format is "Oklahoma Statutes § 36-1620" (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 § 36-1620 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.