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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-1804: Appointment of supervisor - Acts prohibited - Additional

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Where this section sits in the code
  1. OK Code
  2. Title 36

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.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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