{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-2930","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-2930","heading":"Impaired reciprocals","body":"A. If the assets of a reciprocal insurer are at any time\n\ninsufficient to discharge its liabilities, other than any liability\n\non account of funds contributed by the attorney or others and to\n\nmaintain the required surplus, its attorney shall forthwith make up\n\nthe deficiency or levy an assessment upon the subscribers for the\n\namount needed to make up the deficiency; but subject to the\n\nlimitations set forth in the power of attorney or policy.\n\nB. If the attorney fails to make up such deficiency or to make\n\nthe assessment within thirty (30) days after the Insurance\n\nCommissioner orders him to do so, or if the deficiency is not fully\n\nmade up within sixty (60) days after the date the assessment was\n\nmade, the insurer shall be deemed insolvent and shall be proceeded\n\nagainst as authorized by this Code.\n\nC. If liquidation of such an insurer is ordered, an assessment\n\nshall be levied upon the subscribers for such an amount, subject to\n\nlimits as provided by this article, as the Insurance Commissioner\n\ndetermines to be necessary to discharge all liabilities of the\n\ninsurer, exclusive of any funds contributed by the attorney or other\n\npersons, but including the reasonable cost of the liquidation.","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":"5346f0aa4bfe2bf4a5edc7e0b26bcb945e584f09f0881587d41eb6fff1112e5b","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-2929","next":"us-ok/okla.-stat.-tit.-36-36-2931"},"notice":"GroundRules: Original legal text. Not legal advice."}