Okla. Stat. tit. 36, § 36-2124: Illegal dividends - penalty

A. Any director of a domestic stock or mutual insurer who votes

for or concurs in declaration or payment of an illegal dividend to

stockholders or members shall upon conviction thereof be guilty of a

misdemeanor, and shall be jointly and severally liable, together

with other such directors, for any loss thereby sustained by the

insurer.

B. The stockholders or members receiving such an illegal

dividend shall be liable in the amount thereof to the insurer.

C. The Insurance Commissioner may revoke or suspend the

certificate of authority of an insurer which has declared or paid an

illegal dividend.