Resolution emphasizing the State of Oklahoma's interest in CompSource Mutual Insurance Company and its assets held in trust.
This resolution emphasizes the State of Oklahoma's interest in CompSource Mutual Insurance Company, recognizing it as an entity ensuring compensation under current workers' compensation laws. It highlights that all monies and assets of CompSource Mutual Insurance Company are held in trust. The resolution prohibits the company from changing its corporate structure from a mutual insurance company to a stock insurance company. It also states that any transition to a mutual insurance holding company must involve paying every policyholder their fair and equitable ownership interest.
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- Legal Framework
- Critical Issues
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