{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-660.8","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-660.8","heading":"Converting insurer — Holding company formation — Rights","body":"and obligations.\n\nA. A converting company, on approval by the Oklahoma Insurance\n\nCommissioner, may reorganize by forming a holding company based on a\n\nmutual plan and continuing the corporate existence of the converting\n\ncompany as a stock insurance company.\n\nB. A mutual holding company is automatically a party to an\n\nadministrative proceeding under Oklahoma Statute involving an\n\ninsurance company that, as a result of a reorganization under this\n\nact, is a subsidiary of the mutual holding company. In a proceeding\n\ninvolving the resulting company, the assets of the mutual holding\n\ncompany are considered assets of the resulting company for purposes\n\nof satisfying the claims of the resulting company's policyholders.\n\nC. A mutual holding company may not dissolve or liquidate\n\nwithout the approval of the Commissioner.\n\nD. A mutual holding company may convert to a stock holding\n\ncompany under this act as if the mutual holding company were a\n\nmutual insurance company.","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":"881989b2d3be5ff6b01bb9e30b104dc326daf883b8b1583a015abb4c7b6bd3e4","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-660.7","next":"us-ok/okla.-stat.-tit.-36-36-660.9"},"notice":"GroundRules: Original legal text. Not legal advice."}