Oklahoma § 36-1702 - Purpose of deposits
Full text of Oklahoma Oklahoma Statutes § 36-1702 — Purpose of deposits, with citation guidance and answers to common questions.
§ 36-1702. Purpose of deposits
Such deposits shall be held as follows:
1. When the deposit is required for authority to transact
insurance in Oklahoma the deposit shall be held for the protection
of all the insurer's policyholders and/or creditors within the
United States.
2. When the deposit is required pursuant to the laws of another
state, province, or country, the deposit shall be held for such
purposes as is required by such laws, and as specified by the
Insurance Commissioner at the time the deposit is made.
3. When the deposit is required pursuant to the retaliatory
provision, Section 630 of Article 6 (Authorization of Insurers and
General Requirements Article), the deposit shall be held for
purposes as specified in the Insurance Commissioner's order
requiring the deposit.
Laws 1957, p. 291, § 1702; Laws 1969, c. 122, § 1, emerg. eff. April
3, 1969.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1702
What does Oklahoma Statutes § 36-1702 cover?
Section 36-1702 ("Purpose of deposits") 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 § 36-1702?
A common citation format is "Oklahoma Statutes § 36-1702" (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 § 36-1702 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.