Okla. Stat. tit. 36, § 36-1911
This is the official text of Okla. Stat. tit. 36, § 36-1911, 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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Order of liquidation of domestic insurers
Official statutory text
A. An order to liquidate the business of a domestic insurer
shall direct the Insurance Commissioner forthwith to take possession
of the property of the insurer, to liquidate its business, to deal
with the insurer's property and business in his own name as
Insurance Commissioner or in the name of the insurer, as the court
may direct, and to give notice to all creditors who may have claims
against the insurer to present such claims.
B. The Insurance Commissioner may apply for and secure an order
dissolving the corporate existence of a domestic insurer upon his
application for an order of liquidation of such insurer or at any
time after such order has been granted.
shall direct the Insurance Commissioner forthwith to take possession
of the property of the insurer, to liquidate its business, to deal
with the insurer's property and business in his own name as
Insurance Commissioner or in the name of the insurer, as the court
may direct, and to give notice to all creditors who may have claims
against the insurer to present such claims.
B. The Insurance Commissioner may apply for and secure an order
dissolving the corporate existence of a domestic insurer upon his
application for an order of liquidation of such insurer or at any
time after such order has been granted.
Status: in_force · Read it on the official government site
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