Oklahoma § 36-1692 - Purpose of act
Full text of Oklahoma Oklahoma Statutes § 36-1692 — Purpose of act, with citation guidance and answers to common questions.
§ 36-1692. Purpose of act
The Protected Cell Companies Act is adopted to provide a basis
for the creation of protected cells by a domestic insurer as a means
of accessing alternative sources of capital and achieving the
benefits of insurance securitization or effectuating insurance
business transfers in accordance with the Insurance Business
Transfer Act. Investors in fully funded insurance securitization
transactions provide funds that are available to pay the insurer's
insurance obligations or to repay investors or both. The creation
of protected cells is intended to be a means to achieve more
efficiencies in conducting insurance securitizations or insurance
business transfers.
Added by Laws 2019, c. 362, § 2, eff. Nov. 1, 2019.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1692
What does Oklahoma Statutes § 36-1692 cover?
Section 36-1692 ("Purpose of act") 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 § 36-1692?
A common citation format is "Oklahoma Statutes § 36-1692" (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 § 36-1692 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.