Okla. Stat. tit. 36, § 36-1804
This is the official text of Okla. Stat. tit. 36, § 36-1804, 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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Appointment of supervisor - Acts prohibited - Additional
Official statutory text
requirements.
A. During any period of supervision, the Commissioner may
appoint a supervisor for such insurer and provide that the insurer
may not do any of the following things without the prior approval of
the Commissioner or his supervisor:
1. Dispose, convey or encumber any of its assets or its
business in force;
2. Withdraw funds from bank accounts;
3. Lend funds;
4. Invest funds;
5. Transfer property;
6. Incur any debt, obligation or liability;
7. Merge or consolidate with another company; or
8. Enter into any new reinsurance contract or treaty.
B. In addition, the Commissioner may require of the insurer,
the following:
1. Periodic actuarial reviews;
2. That the insurer limit or cease writing certain lines of
insurance.
A. During any period of supervision, the Commissioner may
appoint a supervisor for such insurer and provide that the insurer
may not do any of the following things without the prior approval of
the Commissioner or his supervisor:
1. Dispose, convey or encumber any of its assets or its
business in force;
2. Withdraw funds from bank accounts;
3. Lend funds;
4. Invest funds;
5. Transfer property;
6. Incur any debt, obligation or liability;
7. Merge or consolidate with another company; or
8. Enter into any new reinsurance contract or treaty.
B. In addition, the Commissioner may require of the insurer,
the following:
1. Periodic actuarial reviews;
2. That the insurer limit or cease writing certain lines of
insurance.
Status: in_force · Read it on the official government site
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