Okla. Stat. tit. 36, § 36-1644
This is the official text of Okla. Stat. tit. 36, § 36-1644, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Violations threatening insolvency - Possession taken by
Official statutory text
Commissioner.
Whenever it appears to the Commissioner that any person has
committed a violation of this act which so impairs the financial
condition of a domestic insurer as to threaten insolvency or make
the further transaction of business by it hazardous to its
policyholders, creditors, shareholders or the public, then the
Commissioner may proceed as provided in Articles 18 and 19 of Title
36 of the Oklahoma Statutes to take possession of the property of
the domestic insurer and to conduct its business.
Whenever it appears to the Commissioner that any person has
committed a violation of this act which so impairs the financial
condition of a domestic insurer as to threaten insolvency or make
the further transaction of business by it hazardous to its
policyholders, creditors, shareholders or the public, then the
Commissioner may proceed as provided in Articles 18 and 19 of Title
36 of the Oklahoma Statutes to take possession of the property of
the domestic insurer and to conduct its business.
Status: in_force · Read it on the official government site
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