Oklahoma § 36-2930 - Impaired reciprocals
Full text of Oklahoma Oklahoma Statutes § 36-2930 — Impaired reciprocals, with citation guidance and answers to common questions.
§ 36-2930. Impaired reciprocals
A. If the assets of a reciprocal insurer are at any time
insufficient to discharge its liabilities, other than any liability
on account of funds contributed by the attorney or others and to
maintain the required surplus, its attorney shall forthwith make up
the deficiency or levy an assessment upon the subscribers for the
amount needed to make up the deficiency; but subject to the
limitations set forth in the power of attorney or policy.
B. If the attorney fails to make up such deficiency or to make
the assessment within thirty (30) days after the Insurance
Commissioner orders him to do so, or if the deficiency is not fully
made up within sixty (60) days after the date the assessment was
Oklahoma Statutes - Title 36. Insurance
made, the insurer shall be deemed insolvent and shall be proceeded
against as authorized by this Code.
C. If liquidation of such an insurer is ordered, an assessment
shall be levied upon the subscribers for such an amount, subject to
limits as provided by this article, as the Insurance Commissioner
determines to be necessary to discharge all liabilities of the
insurer, exclusive of any funds contributed by the attorney or other
persons, but including the reasonable cost of the liquidation.
Laws 1957, p. 360, § 2930.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-2930
What does Oklahoma Statutes § 36-2930 cover?
Section 36-2930 ("Impaired reciprocals") 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 § 36-2930?
A common citation format is "Oklahoma Statutes § 36-2930" (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 § 36-2930 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.