Okla. Stat. tit. 36, § 36-1906: Grounds for liquidation

The Insurance Commissioner may apply to the court for an order

appointing the Commissioner as receiver (if the appointment of the

Commissioner as receiver shall not be then in effect) and directing

the Commissioner to liquidate the business of a domestic insurer,

foreign or of the United States branch of an alien insurer having

trusteed assets in this State, regardless of whether or not there

has been a prior order directing the Commissioner to rehabilitate

such insurer, upon any grounds specified in Section 1905 of this

title, or if such insurer:

1. Has ceased transacting business for a period of one (1)

year, or

2. Is an insolvent insurer and has commenced voluntary

liquidation or dissolution, or attempts to commence or prosecute any

action or proceeding to liquidate its business or affairs, or to

dissolve its corporate charter, or to procure the appointment of a

receiver, trustee, custodian, or sequestrator under any law except

this Code.

3. Has failed, if a domestic insurer, to obtain from the

Insurance Commissioner a certificate of authority to transact a

business of insurance in Oklahoma for one of the immediately

preceding five (5) years.