Oklahoma Life & Health Insurance Guaranty Ass'n v. Hilti Retirement Savings Plan & Bancoklahoma Trust Co.
Supreme Court of Oklahoma
1Opinion of the Court
HODGES, Justice.
The issues in this case are (1) whether the 1988 amendments to the Oklahoma Life and Health Insurance Guaranty Act, Okla.Stat. tit. 36, §§ 2021^3 (1991) (1991 Act), or the pre-amended Act, Oklahoma Life and Health Insurance Guaranty Act, Okla.Stat. tit. 36, *1111§§ 2021-43 (Supp.1987) (1987 Act), is the applicable statutory authority, and (2) whether the Guaranteed Annuity Contracts which are the subject of this lawsuit are covered by the applicable act.
I. THE FACTS
On December 14, 1987, Baneoklahoma Trust Company, the trustee of the Hilti Retirement Savings Plan (Plan), signed an…
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