| When is the Association triggered or empowered to pay claims? |
The Oklahoma Property and Casualty Insurance Guaranty Act defines an "insolvent insurer" as an insurer who has been determined to be insolvent and ordered liquidated by a court of competent jurisdiction. Only when the liquidation order has been entered may the Association begin to pay claims or handle a claim on behalf of a policyholder.
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| Is my insurance company covered by the Guaranty Association? |
All insurers defined as "member insurers" are required to be members of the Association as a condition to transact business within the State of Oklahoma. A "member insurer" is defined by the Oklahoma Property and Casualty Insurance Guaranty Act. To find out whether your insurance company is a "member insurer," contact the Association at (405) 843-5454.
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