Oklahoma § 36-1703 - Assets eligible for deposit
Full text of Oklahoma Oklahoma Statutes § 36-1703 — Assets eligible for deposit, with citation guidance and answers to common questions.
§ 36-1703. Assets eligible for deposit
A. All such deposits required for authority to transact
insurance business in Oklahoma shall consist of cash, under
negotiable and transferable certificates of deposit or other time
deposit instruments issued by solvent insured banks, savings and
loan associations, and trust companies in Oklahoma, or a combination
of the foregoing and the securities described in Sections 1607,
1608, 1609 and 1620 of this title.
Oklahoma Statutes - Title 36. Insurance
B. All such deposits required pursuant to the laws of another
state, province, or country, or pursuant to the retaliatory
provision of Section 628 of this title, shall consist of such assets
as are required or permitted by such laws, or as required pursuant
to such retaliatory provision.
Added by Laws 1957, p. 292, § 1703, operative July 1, 1957. Amended
by Laws 1963, c. 111, § 1, emerg. eff. May 31, 1963; Laws 1986, c.
251, § 27, eff. Nov. 1, 1986; Laws 1987, c. 175, § 19, eff. Nov. 1,
1987; Laws 1990, c. 297, § 2, eff. Sept. 1, 1990; Laws 2012, c. 44,
§ 9, eff. Nov. 1, 2012.
Frequently Asked Questions About Oklahoma § 36-1703
What does Oklahoma Statutes § 36-1703 cover?
Section 36-1703 ("Assets eligible for deposit") 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 § 36-1703?
A common citation format is "Oklahoma Statutes § 36-1703" (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 § 36-1703 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.