Oklahoma § 36-1644 Violations threatening insolvency - Possession taken by

Oklahoma Statutes

§ 36-1644 — Violations threatening insolvency - Possession taken by

Oklahoma·Title 36 Insurance

Commissioner. Whenever it appears to the Commissioner that any person has committed a violation of this act which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the Commissioner may proceed as provided in Articles 18 and 19 of Title 36 of the Oklahoma Statutes to take possession of the property of the domestic insurer and to conduct its business.

Free access — add to your briefcase to read the full text and ask questions with AI

Commissioner. Whenever it appears to the Commissioner that any person has committed a violation of this act which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the Commissioner may proceed as provided in Articles 18 and 19 of Title 36 of the Oklahoma Statutes to take possession of the property of the domestic insurer and to conduct its business.

Oklahoma § 36-1644 (Violations threatening insolvency - Possession taken by) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.