Oklahoma § 36-2023 - Creation - Membership - Administration - Supervision
Full text of Oklahoma Oklahoma Statutes § 36-2023 — Creation - Membership - Administration - Supervision, with citation guidance and answers to common questions.
§ 36-2023. Creation - Membership - Administration - Supervision
A. There is created a nonprofit legal entity to be known as the
Oklahoma Life and Health Insurance Guaranty Association. All member
insurers shall be and remain members of the Association as a
condition of their authority to transact insurance or health
maintenance organization business in this state.
B. The Association shall perform its functions under a plan of
operation established and approved in accordance with this act and
shall exercise its powers through the Board of Directors established
in this act. For purposes of administration and assessment, the
Association shall maintain three accounts:
1. The health account;
2. The life insurance account; and
3. The annuity account.
C. The Association shall come under the immediate supervision
of the Insurance Commissioner and shall be subject to the applicable
provisions of the insurance laws of this state.
Added by Laws 1981, c. 133, § 3. Amended by Laws 2019, c. 384, § 2,
eff. Nov. 1, 2019; Laws 2021, c. 478, § 17, emerg. eff. May 12,
2021.
Oklahoma Statutes - Title 36. Insurance
Frequently Asked Questions About Oklahoma § 36-2023
What does Oklahoma Statutes § 36-2023 cover?
Section 36-2023 ("Creation - Membership - Administration - Supervision") 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 § 36-2023?
A common citation format is "Oklahoma Statutes § 36-2023" (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 § 36-2023 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.