Oklahoma § 36-2516 - Foreign and alien companies
Full text of Oklahoma Oklahoma Statutes § 36-2516 — Foreign and alien companies, with citation guidance and answers to common questions.
§ 36-2516. Foreign and alien companies
No corporation, company, association or society organized under
the laws of any other state or territory of the United States, or
the District of Columbia, or foreign country shall transact business
under the provisions of this article until it has received from the
Insurance Commissioner a certificate of authority to do business in
this state, a duplicate of which shall be filed in his office. The
Insurance Commissioner shall annually issue to such foreign
corporation, company or association renewal certificates of
authority to continue business, if it shall have fully complied with
the provisions of this article, and if the Insurance Commissioner
shall be of the opinion that any such corporation, company or
association is not entitled to a renewal of a certificate of
authority, he shall cite the same to appear, giving reasons
Oklahoma Statutes - Title 36. Insurance
therefor, and to show cause why the certificate of authority should
be renewed, and unless the certificate of authority shall be renewed
within thirty days after such hearing, such foreign corporation,
company or association shall cease to do business in this state. No
foreign corporation, company, association or society shall be
authorized to transact any business authorized by this article
within this state, unless it can furnish evidence satisfactory to
the Insurance Commissioner that it has a reserve or emergency fund
equal in amount to that required by this article, and the same is
held for the benefit of policyholders only, and invested as required
by the insurance laws of its home state.
Laws 1956, p. 326, § 2516.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-2516
What does Oklahoma Statutes § 36-2516 cover?
Section 36-2516 ("Foreign and alien companies") 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 § 36-2516?
A common citation format is "Oklahoma Statutes § 36-2516" (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 § 36-2516 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.