Oklahoma § 60-526 - Insurance
Full text of Oklahoma Oklahoma Statutes § 60-526 — Insurance, with citation guidance and answers to common questions.
§ 60-526. Insurance
The unit owners may, upon resolution of a majority, insure the
property against risks, without prejudice to the right of each unit
owner to insure his unit on his own account and for his own benefit.
The premiums for such insurance on the property shall be deemed
Oklahoma Statutes - Title 60. Property
common expenses except with respect to the units exempted by the
declarant pursuant to subsection (b) of Section 512 of this title in
which event the insurance premiums on such units shall be paid by
the declarant as provided in subsection (b) of Section 512 of this
title. The declarant and the council of unit owners may agree by
separate contract to insure the unconstructed buildings and/or units
under the same master policy of insurance as the council of unit
owners may have obtained for the property, as their respective
interests may appear, in which event the portion of the premiums
charged for insuring said unconstructed buildings and/or
unconstructed units shall be borne by the declarant.
Amended by Laws 1985, c. 137, § 5, eff. Nov. 1, 1985.
Frequently Asked Questions About Oklahoma § 60-526
What does Oklahoma Statutes § 60-526 cover?
Section 60-526 ("Insurance") 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 § 60-526?
A common citation format is "Oklahoma Statutes § 60-526" (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 § 60-526 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.