Okla. Stat. tit. 36, § 36-2037: Distribution of ownership rights of impaired or insolvent

insurer.

A. Prior to the termination of any liquidation, rehabilitation,

receivership orconservatorship proceeding, the court may take into

consideration the contributions of the respective parties, including

the Association, the shareholders and the policyowners of the

insolvent insurer, and any other party with a bona fide interest, in

making an equitable distribution of the ownership rights of such

insolvent insurer. In such a determination, consideration shall be

given to the welfare of the policyholders of the continuing or

successor insurer.

B. No distribution to stockholders, if any, of an impaired or

insolvent insurer shall be made until and unless the total valid

claims of the Association for funds expended in carrying out its

powers and duties under Section 8 of this act with respect to such

insurer have been fully recovered by the Association.