Frequently Asked Questions
Receivership is the process whereby an appropriate court orders the Insurance Commissioner as Receiver to take control of an insurance company that is judged to be insolvent or otherwise a risk to its policyholders and creditors. The Receiver may terminate the company’s insurance business by canceling all insurance policies and by not issuing any new or renewal policies. The Receiver then gathers all the company’s assets and converts them to cash to pay creditor’s claims in accordance with priorities established by law.
Upon the District Court’s issuance of a liquidation order, the Commissioner, as Receiver, published a notice to the company’s creditors, shareholders and all known parties interested in the company’s assets. The notice informs persons who might have a claim against the company to file a Proof of Claim (POC) with the Receiver before the final claims filing date, which is published in the notice and in the court’s liquidation order.
Download a generic Unconditional Assignment form here: Unconditional Assignment.pdf
Along with your new address, please include as much of the following as possible:
- Name of the insurance company (estate)
- Your full name
- Your previous address
- The Proof of Claim number assigned to your claim by ORO
- Your policy or claim number
Provide us this information by:
Mail:
Oklahoma Receivership Office, Inc.
3613 NW 56th St, Suite 330
Oklahoma City, OK 73112
Phone:
405-947-0022
Fax:
405-947-0046
Or complete the Contact Us form
Our office in Oklahoma City is open from 8:00 am – 5:00 pm, Monday through Friday and closed on the holidays observed by the State of Oklahoma.
Phone 405-947-0022
Fax 405-947-0046
You may also complete the Contact Us form.
Additional information can be found on the Global Receivership Information Database (GRID) on the NAIC website.