Okla. Stat. tit. 36, § 36-1930
This is the official text of Okla. Stat. tit. 36, § 36-1930, 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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Time to file claims
Official statutory text
If upon commencement of delinquency proceedings under this
article or at any time during the proceedings the insurer shall not
be clearly solvent, the court shall, after such notice and hearing
as it deems proper, make an order declaring the insurer to be
insolvent. Thereupon, regardless of any prior notice which may have
been given to creditors, the Insurance Commissioner shall notify all
persons who may have claims against the insurer and who have not
filed proper proofs thereof to present the same to the Commissioner,
at a place specified in the notice, within four (4) months from the
date of entry of the order, or within a longer time prescribed by
the court not to exceed one hundred eighty (180) days which shall be
specified in the notice. The notice shall be given in a manner
determined by the court.
Oklahoma Statutes - Title 36. Insurance Page 562
Only upon application of the liquidator, the receivership court
may allow alternative procedures and requirements for the filing of
proofs of claim or for allowing or proving claims. Upon
application, if the court dispenses with the requirements of filing
a proof of claim by a person, class, or group of persons, a proof of
claim for such a person, class, or group shall be deemed as having
been filed for all purposes, except that the receivership court's
waiver of proof-of-claim requirements shall not impact a guaranty
association's proof-of-claim filing requirement or coverage
determinations to the extent that the guaranty fund statute or
filing requirements are inconsistent with the court's waiver of
proof.
Proofs of claim may be filed after the date specified in the
notice, but no such claim shall share in the distribution of the
assets until all allowed claims, proofs of which have been filed
before that date, have been paid in full with interest.
article or at any time during the proceedings the insurer shall not
be clearly solvent, the court shall, after such notice and hearing
as it deems proper, make an order declaring the insurer to be
insolvent. Thereupon, regardless of any prior notice which may have
been given to creditors, the Insurance Commissioner shall notify all
persons who may have claims against the insurer and who have not
filed proper proofs thereof to present the same to the Commissioner,
at a place specified in the notice, within four (4) months from the
date of entry of the order, or within a longer time prescribed by
the court not to exceed one hundred eighty (180) days which shall be
specified in the notice. The notice shall be given in a manner
determined by the court.
Oklahoma Statutes - Title 36. Insurance Page 562
Only upon application of the liquidator, the receivership court
may allow alternative procedures and requirements for the filing of
proofs of claim or for allowing or proving claims. Upon
application, if the court dispenses with the requirements of filing
a proof of claim by a person, class, or group of persons, a proof of
claim for such a person, class, or group shall be deemed as having
been filed for all purposes, except that the receivership court's
waiver of proof-of-claim requirements shall not impact a guaranty
association's proof-of-claim filing requirement or coverage
determinations to the extent that the guaranty fund statute or
filing requirements are inconsistent with the court's waiver of
proof.
Proofs of claim may be filed after the date specified in the
notice, but no such claim shall share in the distribution of the
assets until all allowed claims, proofs of which have been filed
before that date, have been paid in full with interest.
Status: in_force · Read it on the official government site
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