OAC 310:657-15-9
Impairment
Cite as Okla. Admin. Code § 310:657-15-9
(a) A Plan with less than the minimum required net worth shall be
considered an impaired Plan.
(b) The Commissioner shall determine the amount of impairment.
The amount of impairment may be based on a financial statement
made by a Plan or on an examination report. The Commissioner
shall require the Plan to eliminate the impairment within ninety
(90) days. If the Plan does not eliminate the impairment, the
Commissioner may revoke the Plan's certificate.
SUBCHAPTER 17. CONTRACTS AND SERVICE EXPLANATIONS