Oklahoma § 36-311A.8
Full text of Oklahoma Oklahoma Statutes § 36-311A.8, with citation guidance and answers to common questions.
§ 36-311A.8.
Audited consolidated or combined financial statements.
Oklahoma Statutes - Title 36. Insurance
An insurer may make written application to the Insurance
Commissioner for approval to file audited consolidated or combined
financial statements in lieu of separate annual audited financial
statements if the insurer is part of a group of insurance companies
that utilizes a pooling or one hundred percent (100%) reinsurance
agreement that affects the solvency and integrity of the reserves of
the insurer and the insurer cedes all of its direct and assumed
business to the pool. In such cases, a columnar consolidating or
combining worksheet shall be filed with the report, as follows:
1. Amounts shown on the consolidated or combined audited
financial report shall be shown on the worksheet;
2. Amounts for each insurer subject to this section shall be
stated separately;
3. Noninsurance operations may be shown on the worksheet on a
combined or individual basis;
4. Explanations of consolidating and eliminating entries shall
be included; and
5. A reconciliation shall be included of any differences
between the amounts shown in the individual insurer columns of the
worksheet and comparable amounts shown on the annual statements of
the insurers.
Added by Laws 2009, c. 176, § 10, eff. Nov. 1, 2009.
Frequently Asked Questions About Oklahoma § 36-311A.8
What does Oklahoma Statutes § 36-311A.8 cover?
Section 36-311A.8 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 § 36-311A.8?
A common citation format is "Oklahoma Statutes § 36-311A.8" (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 § 36-311A.8 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.