2015 Oklahoma Statutes
Title 36. Insurance
§36-1659.1. Violations threatening insolvency of domestic insurer - Possession taken by Commissioner.
Whenever it appears to the Commissioner that any person has committed a violation of Article 16A of the Insurance Code which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the Commissioner may proceed as provided in Section 1901 et seq. of Title 36 of the Oklahoma Statutes to take possession of the property of such domestic insurer and to conduct the business thereof.
Added by Laws 1992, c. 178, § 9, eff. Sept. 1, 1992.
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