SECTION 810:25-11-4. Investment and reserve requirements

Latest version.

(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.

[Source: Added at 31 Ok Reg 497, eff 2-4-14 (emergency); Added at 32 Ok Reg 1493, eff 8-27-15]

                    
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