Oklahoma § 36-1804 Appointment of supervisor - Acts prohibited - Additional

Oklahoma Statutes

§ 36-1804 — Appointment of supervisor - Acts prohibited - Additional

Oklahoma § 36-1804

Title 36Insurance

This text of Oklahoma § 36-1804 (Appointment of supervisor - Acts prohibited - Additional) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 36, § 36-1804 (2026).

Text

requirements.

A.During any period of supervision, the Commissioner may appoint a supervisor for such insurer and provide that the insurer may not do any of the following things without the prior approval of the Commissioner or his supervisor: 1. Dispose, convey or encumber any of its assets or its business in force; 2. Withdraw funds from bank accounts; 3. Lend funds; 4. Invest funds; 5. Transfer property; 6. Incur any debt, obligation or liability; 7. Merge or consolidate with another company; or 8. Enter into any new reinsurance contract or treaty.

B.In addition, the Commissioner may require of the insurer, the following: 1. Periodic actuarial reviews; 2. That the insurer limit or cease writing certain lines of insurance.

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requirements. A. During any period of supervision, the Commissioner may appoint a supervisor for such insurer and provide that the insurer may not do any of the following things without the prior approval of the Commissioner or his supervisor: 1. Dispose, convey or encumber any of its assets or its business in force; 2. Withdraw funds from bank accounts; 3. Lend funds; 4. Invest funds; 5. Transfer property; 6. Incur any debt, obligation or liability; 7. Merge or consolidate with another company; or 8. Enter into any new reinsurance contract or treaty. B. In addition, the Commissioner may require of the insurer, the following: 1. Periodic actuarial reviews; 2. That the insurer limit or cease writing certain lines of insurance.