§ 1627. Investments in loans secured by certain securities
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1627
§ 1627. Investments in loans secured by certain securities
An insurer may invest in loans with a maturity not in excess of five (5) years from the date thereof which are secured by pledge of securities eligible for investment under this chapter, or by the pledge or assignment of life insurance policies issued by other insurers authorized to transact insurance in this state. On the date made, no such loan shall exceed in amount eighty percent (80%) of the market value of the collateral pledged.
Credits
Laws 1965, c. 123, § 17.
36 Okl. St. Ann. § 1627, OK ST T. 36 § 1627
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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