Oklahoma Code § 36-1913

Title 36. Insurance: Order of conservation or ancillary liquidation of foreign
Open in Lexace · Ask the AI about this section
or alien insurers.
A.  An order to conserve the assets of a foreign or alien
insurer shall require the Insurance Commissioner forthwith to take
possession of the property of the insurer within this state and to
conserve it, subject to the further direction of the court.
B.  An order to liquidate the assets in this state of a foreign
insurer shall require the Insurance Commissioner forthwith to take
possession of the property of the insurer within this state and to
liquidate it subject to the orders of the court and with due regard
to the rights and powers of the domiciliary receiver, as provided in
this article.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.