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Part Two The Oklahoma Constitution and Commentary, Art.XIX Insurance

From: The Oklahoma State Constitution

Danny M. Adkison, Lisa McNair Palmer

From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 05 December 2021

No foreign insurance company shall be granted a license or permitted to do business in this State until it shall have complied with the laws of the State, including the deposit of such collateral or indemnity for the protection of its patrons within this State as may be prescribed by law, and shall agree to pay all such taxes and fees as may at any time be imposed by law or act of the Legislature, on foreign insurance companies, and a refusal to pay such taxes or fees shall work a forfeiture of such license. This section was added in 1931 and reflects the state’s...
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