Okla. Stat. tit. 36, § 36-6470.30
This is the official text of Okla. Stat. tit. 36, § 36-6470.30, 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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Sponsor of sponsored captive insurance company
Official statutory text
A sponsor of a sponsored captive insurance company must be an
insurer licensed pursuant to the laws of a state, an insurance
holding company that controls an insurer licensed pursuant to the
laws of any state and subject to registration pursuant to the
insurance holding company system laws of the state of domicile of
the insurer, a reinsurer authorized or approved pursuant to the laws
of a state, or a captive insurance company formed or licensed
pursuant to the Oklahoma Captive Insurance Company Act, a holding
company, a trust, an individual or other organization as permitted
by the Insurance Commissioner. A risk retention group may be a
Oklahoma Statutes - Title 36. Insurance Page 1232
participant of a sponsored captive insurance company only to the
extent that it is the sole participant of one or more protected
cells.
insurer licensed pursuant to the laws of a state, an insurance
holding company that controls an insurer licensed pursuant to the
laws of any state and subject to registration pursuant to the
insurance holding company system laws of the state of domicile of
the insurer, a reinsurer authorized or approved pursuant to the laws
of a state, or a captive insurance company formed or licensed
pursuant to the Oklahoma Captive Insurance Company Act, a holding
company, a trust, an individual or other organization as permitted
by the Insurance Commissioner. A risk retention group may be a
Oklahoma Statutes - Title 36. Insurance Page 1232
participant of a sponsored captive insurance company only to the
extent that it is the sole participant of one or more protected
cells.
Status: in_force · Read it on the official government site
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