Oklahoma § 36-2921 - Subscriber's liability
Full text of Oklahoma Oklahoma Statutes § 36-2921 — Subscriber's liability, with citation guidance and answers to common questions.
§ 36-2921. Subscriber's liability
A. The liability of each subscriber, other than as to a
nonassessable policy, for the obligations of the reciprocal insurer
shall be an individual, several, and proportionate liability, and
not joint.
B. Except as to a nonassessable policy each subscriber shall
have a contingent assessment liability, in the amount provided for
in the power of attorney or in the subscribers' agreement, for
payment of actual losses and expenses incurred while his policy was
in force. Such contingent liability may be at the rate of not less
than one nor more than ten times the premium or premium deposit
stated in the policy, and the maximum aggregate thereof shall be
computed in the manner set forth in section 2925 of this article.
C. Each assessable policy issued by the insurer shall contain a
statement of the contingent liability, set in type of the same
prominence as the insuring clause.
Laws 1957, p. 358, § 2921.
Oklahoma Statutes - Title 36. Insurance
Frequently Asked Questions About Oklahoma § 36-2921
What does Oklahoma Statutes § 36-2921 cover?
Section 36-2921 ("Subscriber's liability") 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 § 36-2921?
A common citation format is "Oklahoma Statutes § 36-2921" (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 § 36-2921 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.