Oklahoma § 36-660.8 - Converting insurer — Holding company formation — Rights
Full text of Oklahoma Oklahoma Statutes § 36-660.8 — Converting insurer — Holding company formation — Rights, with citation guidance and answers to common questions.
§ 36-660.8. Converting insurer — Holding company formation — Rights
and obligations.
A. A converting company, on approval by the Oklahoma Insurance
Commissioner, may reorganize by forming a holding company based on a
mutual plan and continuing the corporate existence of the converting
company as a stock insurance company.
B. A mutual holding company is automatically a party to an
administrative proceeding under Oklahoma Statute involving an
insurance company that, as a result of a reorganization under this
act, is a subsidiary of the mutual holding company. In a proceeding
involving the resulting company, the assets of the mutual holding
company are considered assets of the resulting company for purposes
of satisfying the claims of the resulting company's policyholders.
C. A mutual holding company may not dissolve or liquidate
without the approval of the Commissioner.
D. A mutual holding company may convert to a stock holding
company under this act as if the mutual holding company were a
mutual insurance company.
Added by Laws 2024, c. 194, § 8, eff. Nov. 1, 2024.
Oklahoma Statutes - Title 36. Insurance
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-660.8
What does Oklahoma Statutes § 36-660.8 cover?
Section 36-660.8 ("Converting insurer — Holding company formation — Rights") 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 § 36-660.8?
A common citation format is "Oklahoma Statutes § 36-660.8" (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 § 36-660.8 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.