§ 1910. Order of rehabilitation; termination
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1910
§ 1910. Order of rehabilitation; termination
A. An order to rehabilitate a domestic insurer shall direct the Insurance Commissioner forthwith to take possession of the property of the insurer and to conduct the business thereof, and to take such steps toward removal of the causes and conditions which have made rehabilitation necessary as the court may direct.
C. The Insurance Commissioner, or any interested person upon due notice to the Insurance Commissioner, at any time may apply to the court for an order terminating the rehabilitation proceedings and permitting the insurer to resume possession of its property and the conduct of its business, but no such order shall be granted except when, after a full hearing, the court has determined that the purposes of the proceeding have been fully accomplished.
Credits
Laws 1957, p. 296, § 1810, operative July 1, 1957. Renumbered from Title 36, § 1810 by Laws 1975, c. 316, § 12, emerg. eff. June 12, 1975.
36 Okl. St. Ann. § 1910, OK ST T. 36 § 1910
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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