§ 2928. Subscriber's share in assets
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 2928
§ 2928. Subscriber's share in assets
Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in Section 2917 of this article, and the return of any unused premium, savings, or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were such within the twelve (12) months prior to the last termination of its certificate of authority, according to such reasonable formula as the Insurance Commissioner may approve.
Credits
Laws 1957, p. 360, § 2928, operative July 1, 1957.
36 Okl. St. Ann. § 2928, OK ST T. 36 § 2928
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
| End of Document |