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Tag Archives: insurance business transfers

Posted in Regulatory and legislative updates, USA

US – Game changer: Oklahoma’s new insurance business transfer law could set precedent for other states

On 7 May 2018, Oklahoma Governor Mary Fallin signed into law a measure that, effective 1 November 2018, will allow an insurer or reinsurer, through a court supervised process, to transfer a portfolio of business to another insurer domiciled in Oklahoma without the affirmative consent of policyholders or insureds, becoming the first U.S. state to