Oklahoma § 36-2729.1 - Foreign or alien society - Admission

§ 36-2729.1. Foreign or alien society - Admission

A. No foreign or alien society shall transact business in this

state without a license issued by the Insurance Commissioner. Any

society desiring admission to this state shall comply substantially

with the requirements and limitations of this act applicable to

domestic societies. Any such society may be licensed to transact

business in this state upon filing with the Commissioner:

1. A duly certified copy of its articles of incorporation;

2. A copy of its bylaws, certified by its secretary or

corresponding officer;

3. A power of attorney to the Commissioner as prescribed in

Section 35 of this act;

4. A statement of its business under oath of its president and

secretary or corresponding officers in a form prescribed by the

Commissioner, duly verified by an examination made by the

supervising insurance official of its home state or other state,

territory, province or country, satisfactory to the Insurance

Commissioner of this state;

5. Certification from the proper official of its home state,

territory, province or country that the society is legally

incorporated and licensed to transact business therein;

6. Copies of its certificate forms;

7. Such other information as the Commissioner may deem

necessary; and

8. Information showing that its assets are invested in

accordance with the provisions of this act.

B. Any foreign or alien society desiring admission to the state

shall have the qualifications required of domestic societies

organized under this article.

Added by Laws 1992, c. 76, § 29, eff. Jan. 1, 1993.