Equity Life Association
Estate Overview
Case Number CJ-2020-2241
Receivership Date
05/28/2020
Liquidation Date
05/28/2020
Policies Terminated
First monthly anniversary after 5/28/2020
Deadline to file Proof of Claim
N/A
Closure Date
10/02/2020
Assistant Receiver
Donna L. Wilson, CIR-ML
Receivership Counsel
Oklahoma Insurance Department counsel, Sara A. Worten
Judge
Honorable Judge Thomas E. Prince
Events and Information
10/19/2021 - Order of Completion
The Oklahoma County District Court approved the Order of Completion of Post-Closing Activities of Equity Life Association.
10/02/2020 - Final Order Approved
The Oklahoma County District Court approved the Order Approving Receiver’s Final Closing Report, Terminating Receivership & Discharging Receiver.
05/28/2020 - Liquidation Order Approved
The Oklahoma County District Court approved the Order Placing Equity Life Association Into Receivership and Appointing Receiver.
Liquidation Information
Equity Life Association was placed into receivership for liquidation on May 28, 2020 by the Oklahoma District Court (CJ-2020-2241) due to financial impairment.
Pursuant to the Order, direct policies and/or certificates of insurance not cancelled, lapsed or otherwise terminated prior to their next monthly anniversary, will terminate at 12:01 a.m. on their next monthly anniversary or upon date after May 28, 2020 requested by the insured or policyholder of any such direct policy and/or certificate of insurance pursuant to policy provisions, if the requested cancellation date is prior to the next monthly anniversary. Also, in the event a direct policy and/or certificate is deemed to have lapsed as of May 28, 2020, such policy will not be reinstated.