Oklahoma § 36-1936 Restrictions on insurers subject to delinquency

Oklahoma Statutes

§ 36-1936 — Restrictions on insurers subject to delinquency

Oklahoma § 36-1936

Title 36Insurance

This text of Oklahoma § 36-1936 (Restrictions on insurers subject to delinquency) 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, § 36-1936 (2026).

Text

proceedings. No insurer that is subject to any delinquency proceeding, whether formal or informal, administrative or judicial, shall: 1. be released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding; 2. be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority; 3. be returned to the control of its shareholders or private management; or 4. have any of its assets returned to the control of its shareholders or private management; until all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to t

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

proceedings. No insurer that is subject to any delinquency proceeding, whether formal or informal, administrative or judicial, shall: 1. be released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding; 2. be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority; 3. be returned to the control of its shareholders or private management; or 4. have any of its assets returned to the control of its shareholders or private management; until all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty associations.