Okla. Stat. tit. 85A, § 85A-97: Self-insurance Guaranty Fund

A. The Self-insurance Guaranty Fund shall be for the purpose of

continuation of workers' compensation benefits due and unpaid or

interrupted due to the inability of a self-insurer to meet its

compensation obligations because its financial resources, security

deposit, guaranty agreements, surety agreements and excess insurance

are either inadequate or not immediately accessible for the payment

of benefits. Monies in the fund, including interest, are not

subject to appropriation and shall be expended to compensate

employees for eligible benefits for a compensable injury under the

Administrative Workers' Compensation Act, pay outstanding workers'

compensation obligations of the impaired self-insurer, and for all

claims for related administrative fees, operating costs of the Self-

insurance Guaranty Fund Board, attorney fees, and other costs

reasonably incurred by the Board in the performance of its duties.

B. Monies transferred pursuant to Section 99 of this title may

be expended by the Board to provide a credit against the assessment

required to be paid by each private self-insurer and group self-

insurer association pursuant to Section 98 of this title.

C. Expenditures from the fund shall be made on warrants issued

by the State Treasurer against claims as prescribed by law. The

fund shall be subject to audit in the same manner as state funds and

accounts, the cost for which shall be paid for from the fund.