(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.
Added at 31 Ok Reg 497, eff 2-4-14 (emergency)
Added at 32 Ok Reg 1493, eff 8-27-15