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

Okla. Stat. tit. 36, § 36-1936: Restrictions on insurers subject to delinquency

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  1. OK Code
  2. Title 36

proceedings.

No insurer that is subject to any delinquency proceeding,

whether formal or informal, administrative or judicial, shall:

1. be released from such proceeding, unless such proceeding is

converted into a judicial rehabilitation or liquidation proceeding;

2. be permitted to solicit or accept new business or request or

accept the restoration of any suspended or revoked license or

certificate of authority;

3. be returned to the control of its shareholders or private

management; or

4. have any of its assets returned to the control of its

shareholders or private management;

until all payments of or on account of the insurer's contractual

obligations by all guaranty associations, along with all expenses

thereof and interest on all such payments and expenses, shall have

been repaid to the guaranty associations or a plan of repayment by

the insurer shall have been approved by the guaranty associations.

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

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