Oklahoma § 36-1906 - Grounds for liquidation
Full text of Oklahoma Oklahoma Statutes § 36-1906 — Grounds for liquidation, with citation guidance and answers to common questions.
§ 36-1906. 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
Oklahoma Statutes - Title 36. Insurance
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:
1. Has ceased transacting business for a period of one (1)
year, or
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.
3. Has failed, if a domestic insurer, to obtain from the
Insurance Commissioner a certificate of authority to transact a
business of insurance in Oklahoma for one of the immediately
preceding five (5) years.
Added by Laws 1957, p. 295, § 1806. Renumbered from § 1806 of this
title by Laws 1967, c. 212, § 1, emerg. eff. May 1, 1967. Amended
by Laws 1975, c. 316, § 12, emerg. eff. June 12, 1975; Laws 2001, c.
363, § 16, eff. July 1, 2001.
Frequently Asked Questions About Oklahoma § 36-1906
What does Oklahoma Statutes § 36-1906 cover?
Section 36-1906 ("Grounds for liquidation") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-1906?
A common citation format is "Oklahoma Statutes § 36-1906" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-1906 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.