Okla. Stat. tit. 36, § 36-2929: Merger or conversion

A. A domestic reciprocal insurer upon affirmative vote of not

less than two-thirds (2/3) of its subscribers who vote on such

merger pursuant to due notice and the approval of the Insurance

Commissioner of the terms therefor, may merge with another

reciprocal insurer or be converted to a stock or mutual insurer.

B. Such a stock or mutual insurer shall be subject to the same

capital requirements and shall have the same rights as a like

domestic insurer transacting like kinds of insurance.

C. The Insurance Commissioner shall not approve any plans for

such merger or conversion which is inequitable to subscribers, or

which, if for conversion to a stock insurer, does not give each

subscriber preferential right to acquire stock of the proposed

insurer proportionate to his interest in the reciprocal insurer as

determined in accordance with Section 2928 of this article and a

reasonable length of time within which to exercise such right.