§ 1501. “Assets” defined
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1501
§ 1501. “Assets” defined
In any determination of the financial condition of an insurer, there shall be allowed as assets only such assets as are owned by the insurer and which consist of:
(e) Interest due or accrued on a mortgage loan, in an amount not exceeding in any event the amount, if any, of the excess of the value of the property less delinquent taxes thereon over the unpaid principal; but in no event shall interest accrued for a period in excess of eighteen (18) months be allowed as an asset.
12. Rebates determined and accrued pursuant to Section 2 of this act.1
Credits
Laws 1957, p. 280, § 1501, operative July 1, 1957; Laws 2002, c. 31, § 1, emerg. eff. April 10, 2002.
Footnotes
Laws 2002, c. 31 § 2 [Title 68, § 6101].
36 Okl. St. Ann. § 1501, OK ST T. 36 § 1501
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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