Oklahoma § 36-6456 - Membership in or participation in insurance insolvency
Full text of Oklahoma Oklahoma Statutes § 36-6456 — Membership in or participation in insurance insolvency, with citation guidance and answers to common questions.
§ 36-6456. Membership in or participation in insurance insolvency
guaranty fund prohibited – Purchasing group coverage – Risks not
covered.
A. No risk retention group shall be permitted to join or
contribute financially to any insurance insolvency guaranty fund, or
similar mechanism, in this state, nor shall any risk retention
group, or its insureds or claimants against its insureds, receive
any benefit from any such fund for claims arising under the
insurance policies issued by a risk retention group.
B. When a purchasing group obtains insurance covering its
members' risks from an insurer not authorized in this state or a
risk retention group, no such risks, wherever resident is located,
shall be covered by any insurance guaranty fund or similar mechanism
in this state.
C. When a purchasing group obtains insurance covering its
members' risks from an authorized insurer, only risks resident or
located in this state may be covered by the Oklahoma Property and
Casualty Insurance Guaranty Association.
Added by Laws 1987, c. 157, § 6, emerg. eff. June 25, 1987. Amended
by Laws 2004, c. 334, § 3, emerg. eff. May 25, 2004; Laws 2021, c.
314, § 5, eff. Nov. 1, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6456
What does Oklahoma Statutes § 36-6456 cover?
Section 36-6456 ("Membership in or participation in insurance insolvency") 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 § 36-6456?
A common citation format is "Oklahoma Statutes § 36-6456" (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 § 36-6456 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.