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§ 1908. Grounds for conservation of alien insurers

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 19. Rehabilitation and Liquidation (Refs & Annos)
36 Okl.St.Ann. § 1908
§ 1908. Grounds for conservation of alien insurers
Currentness
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.1
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.

Credits

Laws 1957, p. 295, § 1808, operative July 1, 1957. Renumbered from Title 36, § 1808 by Laws 1975, c. 316, § 12, emerg. eff. June 12, 1975.

Footnotes

1
Now Title 36, §§ 1905 or 1906.
36 Okl. St. Ann. § 1908, OK ST T. 36 § 1908
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.
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