Okla. Stat. tit. 36, § 36-2023: Creation - Membership - Administration - Supervision

A. There is created a nonprofit legal entity to be known as the

Oklahoma Life and Health Insurance Guaranty Association. All member

insurers shall be and remain members of the Association as a

condition of their authority to transact insurance or health

maintenance organization business in this state.

B. The Association shall perform its functions under a plan of

operation established and approved in accordance with this act and

shall exercise its powers through the Board of Directors established

in this act. For purposes of administration and assessment, the

Association shall maintain three accounts:

1. The health account;

2. The life insurance account; and

3. The annuity account.

C. The Association shall come under the immediate supervision

of the Insurance Commissioner and shall be subject to the applicable

provisions of the insurance laws of this state.