Okla. Stat. tit. 36, § 36-660.9: Proposed reorganization plan — Commissioner review as

alternate conversion plan.

A. The Oklahoma Insurance Commissioner shall review the

proposed plan of reorganization as an alternate conversion plan.

The Commissioner may require as a condition of approval

modifications of the proposed plan of reorganization that the

Commissioner determines necessary to protect the members' interests.

B. The Commissioner may retain at the mutual insurance

company's expense, a qualified expert who is not a member of the

Commissioner's staff to assist the Commissioner in reviewing the

conversion plan and the valuation. If the Commissioner retains a

qualified expert under this subsection, the Commissioner may extend

the period for decision by an additional sixty (60) days beyond the

initial sixty-day period.

C. The Commissioner has jurisdiction over a mutual holding

company organized under this act to ensure that member interests are

protected.