§ 1906. Grounds for liquidation
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1906
§ 1906. Grounds for liquidation
The Insurance Commissioner may apply to the court for an order appointing the Commissioner as receiver (if the appointment of the Commissioner as receiver shall not be then in effect) and directing the Commissioner to liquidate the business of a domestic insurer, foreign or of the United States branch of an alien insurer having trusteed assets in this State, regardless of whether or not there has been a prior order directing the Commissioner to rehabilitate such insurer, upon any grounds specified in Section 1905 of this title, or if such insurer:
2. Is an insolvent insurer and has commenced voluntary liquidation or dissolution, or attempts to commence or prosecute any action or proceeding to liquidate its business or affairs, or to dissolve its corporate charter, or to procure the appointment of a receiver, trustee, custodian, or sequestrator under any law except this Code.1
Credits
Laws 1957, p. 295, § 1806, operative July 1, 1957; Laws 1967, c. 212, § 1, emerg. eff. May 1, 1967. Renumbered from Title 36, § 1806 by Laws 1975, c. 316, § 12, emerg. eff. June 12, 1975; Laws 2001, c. 363, § 16, eff. July 1, 2001.
Footnotes
Title 36, § 101 et seq.
36 Okl. St. Ann. § 1906, OK ST T. 36 § 1906
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |