Okla. Stat. tit. 36, § 36-1698
This is the official text of Okla. Stat. tit. 36, § 36-1698, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Insurance securitization – Not deemed an insurance or
Official statutory text
reinsurance contract.
A protected cell company insurance securitization shall not be
deemed to be an insurance or reinsurance contract. An investor in a
protected cell company insurance securitization shall not, by sole
means of this investment, be deemed to be transacting an insurance
business in this state. The underwriters or selling agents and
their partners, directors, officers, members, managers, employees,
agents, representatives and advisors involved in a protected cell
company insurance securitization shall not be deemed to be
conducting an insurance or reinsurance agency, brokerage,
intermediary, advisory or consulting business by virtue of their
activities in connection with those businesses.
A protected cell company insurance securitization shall not be
deemed to be an insurance or reinsurance contract. An investor in a
protected cell company insurance securitization shall not, by sole
means of this investment, be deemed to be transacting an insurance
business in this state. The underwriters or selling agents and
their partners, directors, officers, members, managers, employees,
agents, representatives and advisors involved in a protected cell
company insurance securitization shall not be deemed to be
conducting an insurance or reinsurance agency, brokerage,
intermediary, advisory or consulting business by virtue of their
activities in connection with those businesses.
Status: in_force · Read it on the official government site
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