Okla. Stat. tit. 36, § 36-2022: Purpose of act

A. The purpose of the Oklahoma Life and Health Insurance

Guaranty Association Act is to protect, subject to certain

limitations, the persons specified in subsection A of Section 2025

of this title, against failure in the performance of contractual

obligations, under life, health, and annuity policies, plans or

contracts specified in subsection B of Section 2025 of this title,

because of the impairment or insolvency of the member insurer that

issued the policies, plans or contracts.

B. To provide this protection, an association of member

insurers has been created and exists to pay benefits and to continue

coverages as limited in this act, and members of the Association are

subject to assessment to provide funds to carry out the purposes of

this act.