Okla. Stat. tit. 36, § 36-1932

This is the official text of Okla. Stat. tit. 36, § 36-1932, 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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Levy of assessment

Official statutory text

A. Upon the basis of the report provided for in section 1831 of

this article, including any amendments thereof, the court, ex parte,

may levy one or more assessments against all members of such insurer

who, as shown by the records of the insurer, were members (if a

mutual insurer) or subscribers (if a reciprocal insurer) at any time

within one (1) year prior to the date of issuance of the order to

show cause under section 1803 of this article.

B. Such assessment or assessments shall cover the excess of the

probable liabilities over the reasonable value of the assets,

together with the estimated cost of collection and percentage of

uncollectibility thereof. The total of all assessments against any

member or subscriber with respect to any policy, whether levied

Oklahoma Statutes - Title 36. Insurance Page 563

pursuant to this article or pursuant to any other provision of this

code, shall be for no greater amount than that specified in the

policy or policies of the member or subscriber and as limited under

this code, except that if the court finds that the policy was issued

at a rate or premium below the minimum rate lawfully permitted for

the risk insured, the court may determine the upper limit of such

assessment upon the basis of such minimum rate.

C. No assessment shall be levied against any member or

subscriber with respect to any nonassessable policy issued in

accordance with this code.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.