Oklahoma § 36-2109 - Applications for insurance in formation of mutual
Full text of Oklahoma Oklahoma Statutes § 36-2109 — Applications for insurance in formation of mutual, with citation guidance and answers to common questions.
§ 36-2109. Applications for insurance in formation of mutual
insurers.
A. Upon issuance of its certificate of incorporation as
provided in subsection B of Section 2107 of this article, the
directors and officers of a domestic mutual corporation formed for
the purpose of becoming a mutual insurer may open books for the
Oklahoma Statutes - Title 36. Insurance
registration of such requisite applications for insurance policies
as they may accept, and may receive deposits of premiums thereon.
B. All such applications shall be in writing signed by the
applicant, covering subjects of insurance resident, located, or to
be performed in Oklahoma.
C. All such applications shall provide that:
1. Issuance of the policy is contingent upon completion of
organization of the insurer and issuance to it of a proper
certificate of authority.
2. No insurance is provided until the certificate of authority
has been so issued; and
3. The prepaid premium or deposit, and membership or policy
fee, if any, shall be refunded in full to the applicant if the
organization is not completed and certificate of authority issued
before a specified reasonable date, which date shall be not later
than one (1) year following date of issuance of the certificate of
incorporation.
D. All qualifying premiums collected shall be in cash.
E. Solicitation for such qualifying applications for insurance
shall be by licensed agents of the corporation, and the Commissioner
shall upon application therefor issue temporary agent's licenses
expiring on the date specified pursuant to paragraph 3, subsection
B, above, to individuals appointed by the corporation and qualified
as for a resident agent's license except as to the taking of an
examination. The Commissioner may suspend or revoke any such
license for any of the same causes and pursuant to the same
procedures as are applicable to suspension or revocation of licenses
of agents in general under article 13.
Laws 1957, p. 305, § 2109; Laws 1965, c. 60, § 15, eff. July 1,
1965.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-2109
What does Oklahoma Statutes § 36-2109 cover?
Section 36-2109 ("Applications for insurance in formation of mutual") 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 § 36-2109?
A common citation format is "Oklahoma Statutes § 36-2109" (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 § 36-2109 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.