{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-1929","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-1929","heading":"Allowance of certain claims","body":"A. No contingent claim shall share in a distribution of the\n\nassets of an insurer which has been adjudicated to be insolvent by\n\nan order made pursuant to this article, except that such claim shall\n\nbe considered, if properly presented, and may be allowed to share\n\nwhere:\n\n1. Such claim becomes absolute against the insurer on or before\n\nthe last day for filing proof of claims against the assets of such\n\ninsurer, or\n\n2. There is a surplus and the liquidation is thereafter\n\nconducted upon the basis that such insurer is solvent.\n\nB. Where an insurer has been so adjudicated to be insolvent any\n\nperson who has a cause of action against an insured of such insurer\n\nunder a liability insurance policy issued by such insurer shall have\n\nthe right to file a claim in the liquidation proceeding, regardless\n\nof the fact that such claim may be contingent, and such claim may be\n\nallowed:\n\n1. If it may be reasonably inferred from the proof presented\n\nupon such claim that such person would be able to obtain a judgment\n\nupon such cause of action against such insured, and\n\n2. If such person shall furnish suitable proof, unless the\n\ncourt for good cause shown shall otherwise direct, that no further\n\nvalid claim against such insurer arising out of his cause of action\n\nother than those already presented can be made, and\n\n3. If the total liability of such insurer to all claimants\n\narising out of the same act of its insured shall be no greater than\n\nhis maximum liability would be were it not in liquidation.\n\nC. No judgment against such an insured taken after the date of\n\nentry of the liquidation order shall be considered in the\n\nliquidation proceedings as evidence of liability, or of the amount\n\nof damages, and no judgment against an insured taken by default or\n\nby collusion prior to the entry of the liquidation order shall be\n\nconsidered as conclusive evidence in the liquidation proceedings,\n\neither of the liability of such insured to such person upon such\n\ncause of action or of the amount of damages to which such person is\n\ntherein entitled.\n\nD. No claim of any secured claimant shall be allowed at a sum\n\ngreater than the difference between the value of the claim without\n\nsecurity and value of the security itself as of the date of the\n\nentry of the order of liquidation or such other date set by the\n\ncourt for determining rights and liabilities as provided in section\n\n1825 of this article unless the claimant shall surrender his\n\nsecurity to the Insurance Commissioner, in which event the claim\n\nshall be allowed in the full amount for which it is valued.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"317335b922304e7bf9a1d99648c7f888182a08a8575a426fd209271e73b552ef","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-1928","next":"us-ok/okla.-stat.-tit.-36-36-1930"},"notice":"GroundRules: Original legal text. Not legal advice."}