Oklahoma § 36-660.7 Multiple mutual insurers — Joint application and plan.

Oklahoma Statutes

§ 36-660.7 — Multiple mutual insurers — Joint application and plan.

Oklahoma § 36-660.7

Title 36Insurance

This text of Oklahoma § 36-660.7 (Multiple mutual insurers — Joint application and plan.) 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, § 36-660.7 (2026).

Text

The concurrent reorganization of a domestic mutual insurer with one or more mutual insurers, domestic or foreign, into a single mutual insurance holding company, whether domestic or foreign, may be accomplished by a joint application and a joint plan of reorganization and may be approved by the Oklahoma Insurance Commissioner by complying with the requirements of this act. The Commissioner may determine that such other procedures are unnecessary to avoid duplicative costs and efforts in satisfying the requirements of this act and effectuating the reorganization.

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The concurrent reorganization of a domestic mutual insurer with one or more mutual insurers, domestic or foreign, into a single mutual insurance holding company, whether domestic or foreign, may be accomplished by a joint application and a joint plan of reorganization and may be approved by the Oklahoma Insurance Commissioner by complying with the requirements of this act. The Commissioner may determine that such other procedures are unnecessary to avoid duplicative costs and efforts in satisfying the requirements of this act and effectuating the reorganization.