Okla. Stat. tit. 36, § 36-6470.31
This is the official text of Okla. Stat. tit. 36, § 36-6470.31, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Participants in sponsored captive insurance company
Official statutory text
A. An association, a corporation, a limited liability company,
a partnership, a trust, or other business entity may be a
participant in a sponsored captive insurance company formed or
licensed pursuant to the Oklahoma Captive Insurance Company Act.
B. A sponsor may be a participant in a sponsored captive
insurance company.
C. A participant need not be an owner of the sponsored captive
insurance company or an affiliate of the company.
D. Unless otherwise approved by the Insurance Commissioner, a
participant may insure through a sponsored captive insurance company
Oklahoma Statutes - Title 36. Insurance Page 1233
only its own risks or the risks of its affiliates who are
participants.
a partnership, a trust, or other business entity may be a
participant in a sponsored captive insurance company formed or
licensed pursuant to the Oklahoma Captive Insurance Company Act.
B. A sponsor may be a participant in a sponsored captive
insurance company.
C. A participant need not be an owner of the sponsored captive
insurance company or an affiliate of the company.
D. Unless otherwise approved by the Insurance Commissioner, a
participant may insure through a sponsored captive insurance company
Oklahoma Statutes - Title 36. Insurance Page 1233
only its own risks or the risks of its affiliates who are
participants.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.