A. During any period of supervision, the Commissioner may appoint a supervisor for such insurer and provide that the insurer may not do any of the following things without the prior approval of the Commissioner or his supervisor: 1. Dispose, convey or encumber any of its assets or its business in force;2. Withdraw funds from bank accounts;3. Lend funds;4. Invest funds;5. Transfer property;6. Incur any debt, obligation or liability;7. Merge or consolidate with another company; or8. Enter into any new reinsurance contract or treaty.B. In addition, the Commissioner may require of the insurer, the following:1. Periodic actuarial reviews;2. That the insurer limit or cease writing certain lines of insurance.Amended by Laws 1986, c. 251, § 28, eff. Nov. 1, 1986.
Oklahoma Legal Code