2020 Oklahoma Statutes
Title 36. Insurance
§36-1804. Appointment of supervisor - Acts prohibited - Additional requirements.
A. During any period of supervision, the Commissioner may appoint a supervisor for such insurer and provide that the insurer may not do any of the following things without the prior approval of the Commissioner or his supervisor:
1. Dispose, convey or encumber any of its assets or its business in force;
2. Withdraw funds from bank accounts;
3. Lend funds;
4. Invest funds;
5. Transfer property;
6. Incur any debt, obligation or liability;
7. Merge or consolidate with another company; or
8. Enter into any new reinsurance contract or treaty.
B. In addition, the Commissioner may require of the insurer, the following:
1. Periodic actuarial reviews;
2. That the insurer limit or cease writing certain lines of insurance.
Amended by Laws 1986, c. 251, § 28, eff. Nov. 1, 1986.
