Okla. Stat. tit. 36, § 36-6470.27
This is the official text of Okla. Stat. tit. 36, § 36-6470.27, 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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Standards ensuring exercise of control of risk
Official statutory text
management function of insured controlled unaffiliated business –
Regulations.
The Insurance Commissioner shall promulgate regulations
establishing standards to ensure that a parent or affiliated company
is able to exercise control of the risk management for any
controlled unaffiliated business to be insured by a pure captive
insurance company; however, until such time as these regulations are
promulgated, the Insurance Commissioner may by temporary order grant
authority to a pure captive insurance company to insure risks.
Regulations.
The Insurance Commissioner shall promulgate regulations
establishing standards to ensure that a parent or affiliated company
is able to exercise control of the risk management for any
controlled unaffiliated business to be insured by a pure captive
insurance company; however, until such time as these regulations are
promulgated, the Insurance Commissioner may by temporary order grant
authority to a pure captive insurance company to insure risks.
Status: in_force · Read it on the official government site
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