Oklahoma § 36-2918 - Financial conditions; method of determining
Full text of Oklahoma Oklahoma Statutes § 36-2918 — Financial conditions; method of determining, with citation guidance and answers to common questions.
§ 36-2918. Financial conditions; method of determining
In determining the financial condition of a reciprocal insurer
the Insurance Commissioner shall apply the following rules:
1. The Commissioner shall charge as liabilities the same
reserves as are required of incorporated insurers issuing
nonassessable policies on a reserve basis.
2. The surplus deposits of subscribers shall be allowed as
assets, except that any premium deposit delinquent for ninety (90)
days shall first be charged against such surplus deposit.
3. The surplus deposits of subscribers shall not be charged as
a liability.
4. All premium deposits delinquent less than ninety (90) days
shall be allowed as assets.
5. An assessment levied upon subscribers, and not collected,
shall not be allowed as an asset.
6. The contingent liability of subscribers shall not be allowed
as an asset.
7. The computation of reserves shall be based upon premium
deposits other than membership fees and without any deduction for
the compensation of the attorney.
Laws 1957, p. 357, § 2918.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-2918
What does Oklahoma Statutes § 36-2918 cover?
Section 36-2918 ("Financial conditions; method of determining") 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 § 36-2918?
A common citation format is "Oklahoma Statutes § 36-2918" (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 § 36-2918 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.