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

Okla. Stat. tit. 36, § 36-1910: Order of rehabilitation; termination

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

A. An order to rehabilitate a domestic insurer shall direct the

Insurance Commissioner forthwith to take possession of the property

of the insurer and to conduct the business thereof, and to take such

steps toward removal of the causes and conditions which have made

rehabilitation necessary as the court may direct.

B. If at any time the Insurance Commissioner deems that further

efforts to rehabilitate the insurer would be useless, he may apply

to the court for an order of liquidation.

C. The Insurance Commissioner, or any interested person upon

due notice to the Insurance Commissioner, at any time may apply to

the court for an order terminating the rehabilitation proceedings

and permitting the insurer to resume possession of its property and

the conduct of its business, but no such order shall be granted

except when, after a full hearing, the court has determined that the

purposes of the proceeding have been fully accomplished.

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

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