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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.



faq | by Dr. Radut