Okla. Stat. tit. 36, § 36-6470.15
This is the official text of Okla. Stat. tit. 36, § 36-6470.15, 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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Investment requirements – Loans
Official statutory text
A. An association captive insurance company, a sponsored
captive insurance company, and a risk retention group shall comply
with the investment requirements contained in the Oklahoma Insurance
Code. The Insurance Commissioner may approve the use of alternative
investment requirements upon application by such captive insurance
company.
B. Except as to unimpaired paid-in capital as provided in
paragraph 7 of subsection A of Section 6470.6 of this title, a pure
captive insurance company, a special purpose captive insurance
company, a branch captive insurance company, a series captive
insurance company, and an industrial insured captive insurance
company are not subject to any restrictions on allowable investments
contained in the Oklahoma Insurance Code; however, the Insurance
Commissioner may prohibit or limit an investment that threatens the
solvency or liquidity of the company.
C. Loans of minimum capital and surplus funds required by
Section 6470.6 of this title are prohibited.
D. Subject to subsections A and B of this section and Section
6470.31 of this title, as applicable, a captive insurance company
may own securities of or other interests in another captive
insurance company, whether voting or nonvoting.
captive insurance company, and a risk retention group shall comply
with the investment requirements contained in the Oklahoma Insurance
Code. The Insurance Commissioner may approve the use of alternative
investment requirements upon application by such captive insurance
company.
B. Except as to unimpaired paid-in capital as provided in
paragraph 7 of subsection A of Section 6470.6 of this title, a pure
captive insurance company, a special purpose captive insurance
company, a branch captive insurance company, a series captive
insurance company, and an industrial insured captive insurance
company are not subject to any restrictions on allowable investments
contained in the Oklahoma Insurance Code; however, the Insurance
Commissioner may prohibit or limit an investment that threatens the
solvency or liquidity of the company.
C. Loans of minimum capital and surplus funds required by
Section 6470.6 of this title are prohibited.
D. Subject to subsections A and B of this section and Section
6470.31 of this title, as applicable, a captive insurance company
may own securities of or other interests in another captive
insurance company, whether voting or nonvoting.
Status: in_force · Read it on the official government site
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