Okla. Stat. tit. 85A, § 85A-99: Impaired self-insurer

A. On determination by the Workers' Compensation Commission

that a self-insurer has become an impaired self-insurer, the

Commission shall secure release of the security required by Section

38 of this title and advise the Self-insurance Guaranty Fund Board

of the impairment. Claims administration, including processing,

investigating and paying valid claims against an impaired self-

insurer under the Administrative Workers' Compensation Act, may

include payment by the surety that issued the surety bond or be

under a contract between the Commission and an insurance carrier,

appropriate state governmental entity or an approved service

organization, as approved by the Commission.

B. Excess proceeds from the security remaining after each claim

for benefits of an impaired self-insurer has been paid, settled or

lapsed, and associated costs of administration of such claim have

been paid, shall be transferred to the Self-insurance Guaranty Fund

and may be used as 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, as determined by the Self-

insurance Guaranty Fund Board.