Oklahoma § 36-1629 - Guaranteed or reinsured student loans
Full text of Oklahoma Oklahoma Statutes § 36-1629 — Guaranteed or reinsured student loans, with citation guidance and answers to common questions.
§ 36-1629. Guaranteed or reinsured student loans
Any insurer may make and invest in student loans guaranteed or
reinsured as to principal and interest by a state or federally
sponsored higher education assistance corporation, to the extent of
Oklahoma Statutes - Title 36. Insurance
such guaranty or reinsurance, or by a private nonprofit or for
profit student loan insurance guarantor or reinsurer which has net
worth of not less than Thirty-five Million Dollars ($35,000,000.00)
and which has a financial rating of BBB or better from Standard and
Poor’s or Moody’s rating agencies. Any investment pursuant to this
section shall not exceed, except with the consent of the Insurance
Commissioner of this state, twenty-five percent (25%) of the
insurer's net admitted assets based upon the insurer's most recent
financial statement filed with the Insurance Commissioner's office.
Added by Laws 1994, c. 142, § 1, eff. Sept. 1, 1994. Amended by
Laws 1997, c. 418, § 87, eff. Nov. 1, 1997; Laws 2000, c. 100, § 1,
eff. July 1, 2000.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1629
What does Oklahoma Statutes § 36-1629 cover?
Section 36-1629 ("Guaranteed or reinsured student loans") 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 § 36-1629?
A common citation format is "Oklahoma Statutes § 36-1629" (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 § 36-1629 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.