Okla. Stat. tit. 36, § 36-2928
This is the official text of Okla. Stat. tit. 36, § 36-2928, 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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Subscriber's share in assets
Official statutory text
Upon the liquidation of a domestic reciprocal insurer, its
assets remaining after discharge of its indebtedness and policy
obligations, the return of any contributions of the attorney or
other persons to its surplus made as provided in Section 2917 of
this article, and the return of any unused premium, savings, or
credits then standing on subscribers' accounts, shall be distributed
to its subscribers who were such within the twelve (12) months prior
to the last termination of its certificate of authority, according
to such reasonable formula as the Insurance Commissioner may
approve.
assets remaining after discharge of its indebtedness and policy
obligations, the return of any contributions of the attorney or
other persons to its surplus made as provided in Section 2917 of
this article, and the return of any unused premium, savings, or
credits then standing on subscribers' accounts, shall be distributed
to its subscribers who were such within the twelve (12) months prior
to the last termination of its certificate of authority, according
to such reasonable formula as the Insurance Commissioner may
approve.
Status: in_force · Read it on the official government site
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