Oklahoma § 36-1908 Grounds for conservation of alien insurers.

Oklahoma Statutes

§ 36-1908 — Grounds for conservation of alien insurers.

Oklahoma·Title 36 Insurance

The Insurance Commissioner may apply to the court for an order appointing him as receiver or ancillary receiver, and directing him to conserve the assets within this state of any alien insurer upon any of the following grounds: 1. Upon any of the grounds specified in sections 1805 or 1806 of this article.

2.Upon the ground that the insurer has failed to comply, within the time designated by the Insurance Commissioner, with an order made by him to make good an impairment of its trusteed funds, or 3. Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

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The Insurance Commissioner may apply to the court for an order appointing him as receiver or ancillary receiver, and directing him to conserve the assets within this state of any alien insurer upon any of the following grounds: 1. Upon any of the grounds specified in sections 1805 or 1806 of this article. 2. Upon the ground that the insurer has failed to comply, within the time designated by the Insurance Commissioner, with an order made by him to make good an impairment of its trusteed funds, or 3. Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

Oklahoma § 36-1908 (Grounds for conservation of alien insurers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.