Oklahoma Code § 36-6421

Title 36. Insurance: Dissolution of Association - Reimplementation
Open in Lexace · Ask the AI about this section
If at any time after the provisions of this act are implemented,
either by voluntary plan or as otherwise provided for herein, the
State Insurance Commissioner would determine by written order that
there was no further need for such Association, then the same would
be dissolved.  Provided however, that if such Association were
dissolved, and then the State Insurance Commissioner determined at a
later time there existed a need for such Association, the
Commissioner of Insurance would then proceed according to the
provisions of Section 53 of this act, and that section would again
be applicable at that time.
If the Commissioner makes such a determination to reimplement
the Association, he will give the companies involved ninety (90)
days to comply, and if they fail to do so, then Sections 47 through
55 of this act would be applicable.

‹ 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.