Okla. Admin. Code § 810:25-11-4

Current through Vol. 42, No. 8, January 2, 2025

Section 810:25-11-4 - Investment and reserve requirements

(a) The members' supervisory board of an association may, in its discretion, invest its funds in either of the following investments:

(1) Savings accounts or certificates of deposit in a Federal Deposit Insurance Corporation (FDIC) insured institution; or

(2) Direct obligations of the United States Treasury, either as notes, bonds, or bills that are backed by the full faith and credit of the United States Government.

(b) An association shall maintain unearned premium and claims reserves computed in a matter acceptable to the Commission.

Okla. Admin. Code § 810:25-11-4

Adopted by Oklahoma Register, Volume 32, Issue 23, August 17, 2015, eff. 8/27/2015