Okla. Stat. tit. 36 § 6463

Current through Laws 2024, c. 453.

Section 6463 - Assets to protect purchasers

The State Insurance Commissioner shall require all risk insurance groups to have appropriate reserves in Oklahoma, other assets, or a corporate surety bond to protect purchasers in case of bankruptcy, withholding of unearned premiums, or failure to pay benefits.

Okla. Stat. tit. 36, § 6463

Added by Laws 1987, HB 1314, c. 157, § 13, emerg. eff. 6/25/1987.