{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-2037","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-2037","heading":"Distribution of ownership rights of impaired or insolvent","body":"insurer.\n\nA. Prior to the termination of any liquidation, rehabilitation,\n\nreceivership orconservatorship proceeding, the court may take into\n\nconsideration the contributions of the respective parties, including\n\nthe Association, the shareholders and the policyowners of the\n\ninsolvent insurer, and any other party with a bona fide interest, in\n\nmaking an equitable distribution of the ownership rights of such\n\ninsolvent insurer. In such a determination, consideration shall be\n\ngiven to the welfare of the policyholders of the continuing or\n\nsuccessor insurer.\n\nB. No distribution to stockholders, if any, of an impaired or\n\ninsolvent insurer shall be made until and unless the total valid\n\nclaims of the Association for funds expended in carrying out its\n\npowers and duties under Section 8 of this act with respect to such\n\ninsurer have been fully recovered by the Association.","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":"43b85ad93a85ac68e5477cf58407eea46e5db2aa7e4b60b50e4e147426e45e0a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-2036","next":"us-ok/okla.-stat.-tit.-36-36-2038"},"notice":"GroundRules: Original legal text. Not legal advice."}