Oklahoma § 36-1919 - Priority of certain claims
Full text of Oklahoma Oklahoma Statutes § 36-1919 — Priority of certain claims, with citation guidance and answers to common questions.
§ 36-1919. Priority of certain claims
A. In a delinquency proceeding against an insurer domiciled in
this state, claims owning to residents of ancillary states shall be
preferred claims if like claims are preferred under the laws of this
state. All such claims owing to residents or nonresidents shall be
given equal priority of payment from general assets regardless of
where such assets are located.
B. In a delinquency proceeding against an insurer domiciled in
a reciprocal state, claims owing to residents of this state shall be
preferred if like claims are preferred by the laws of that state.
C. The owners of special deposit claims against an insurer for
which a receiver is appointed in this or any other state shall be
given priority against their several special deposits in accordance
with the provisions of the statutes governing the creation and
maintenance of such deposits. If there is a deficiency in any such
deposit so that the claims secured thereby are not fully discharged
therefrom, the claimants may share in the general assets, but such
sharing shall be deferred until general creditors, and also
claimants against other special deposits who have received smaller
percentages from their respective special deposits, have been paid
Oklahoma Statutes - Title 36. Insurance
percentages of their claims equal to the percentage paid from the
special deposit.
D. The owner of a secured claim against an insurer for which a
receiver has been appointed in this or any other state may surrender
his security and file his claim as a general creditor, or the claim
may be discharged by resort to the security, in which case the
deficiency, if any, shall be treated as a claim against the general
assets of the insurer on the same basis as claims of unsecured
creditors. If the amount of the deficiency has been adjudicated in
ancillary proceedings as provided in this article or if it has been
adjudicated by a court of competent jurisdiction in proceedings in
which the domiciliary receiver has had notice and opportunity to be
heard, such amounts shall be conclusive; otherwise the amount shall
be determined in the delinquency proceeding in the domiciliary
state.
Laws 1957, p. 299, § 1819; Laws 1975, c. 316, § 12, emerg. eff. June
12, 1975.
Frequently Asked Questions About Oklahoma § 36-1919
What does Oklahoma Statutes § 36-1919 cover?
Section 36-1919 ("Priority of certain claims") 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 § 36-1919?
A common citation format is "Oklahoma Statutes § 36-1919" (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 § 36-1919 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.