Okla. Admin. Code § 365:1-9-2

Current through Vol. 42, No. 4, November 1, 2024

Section 365:1-9-2 - Deposit of securities forms

(a)Deposit form. The deposit form is used by all companies depositing securities with the Insurance Department. A description of the securities and value must be itemized on this form which must accompany securities being deposited when presented to the Insurance Commissioner for approval. After completion of transaction, a copy of this form is sent to said company for use to obtain release of deposited securities. Prior to the withdrawal of said securities, the deposit form must be executed by a company official authorized to make such withdrawals and presented to the Insurance Commissioner for approval.

(b)Resolution form. Each company having securities on deposit with the Insurance Department must adopt a resolution and file it with the Insurance Commissioner's Office, authorizing and empowering certain persons designated by said company to deal with the securities on deposit. Requests for exchange or withdrawal of deposited securities will not be honored unless made by designated persons.

Okla. Admin. Code § 365:1-9-2

Amended at 10 Ok Reg 1457, eff 5-1-93

Amended by Oklahoma Register, Volume 32, Issue 24, September 1, 2015, eff. 9/15/2015

Amended by Oklahoma Register, Volume 33, Issue 24, September 1, 2016, eff. 9/15/2016