Oklahoma Captive Insurance Company Act | Midpage

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Oklahoma Captive Insurance Company Act

Oklahoma Captive Insurance Company Act

6470.1Short Title 6470.2Definitions 6470.3Captive Insurance Company - Limitations and Requirements 6470.5Captive Reinsurance Company - Prohibiting Adoption of Existing Similar Business Name 6470.6Minimum Unimpaired Paid-In Capital Required for Licensure 6470.10Organization of Captive Insurance Company or Association Captive Insurance Company - Applicability of Statutes 6470.10aCaptive Insurance Company - Series Limited Liability Company 6470.11Reports - Waiver 6470.12Discounting of Loss and Loss Adjustment Expense Reserves - Actuarial Opinion 6470.13Examination by Insurance Commissioner - Confidentiality - Application 6470.14Suspension or Revocation of License 6470.15Investments and Loans 6470.16Reinsurance on Risks Ceded by Other Insurer - Credit for Reserves 6470.17Membership in Rating Organization 6470.18Membership in, Contribution to, or Benefit from Plan, Pool, Association, Guaranty, or Insolvency Fund 6470.19Captive Insurance Tax Rates 6470.20Sanctions for Failure to Make Returns or Pay Taxes 6470.21Promulgation of Rules 6470.22Exemptions for Special Purpose Captive Insurance Companies 6470.24.1Actions Requiring Advance Approval of Insurance Commissioner 6470.24.2Maintenance of Certain Records 6470.25Use of Assets to Pay Expenses and Claims Unrelated to Protected Cell - Availability of Capital and Surplus 6470.27Standards Ensuring Exercise of Risk Management Function of Insured Unaffiliated Business - Regulations 6470.28Conversion or Merger 6470.29Sponsored Captive Insurance Company - Formation - Protected Cells 6470.30Sponsor of Sponsored Captive Insurance Company - Qualifications - Requirements for Writing Business 6470.30.1Requirements for Business Written by Sponsored Captive Insurance Company with Respect to Each Protected Cell 6470.31Participants in Sponsored Captive Insurance Company 6470.31.1Combining Assets 6470.34Entity-protected Cells - Option to Establish Protected Cell as Separate Corporate Entity 6470.35Dormant Captive Insurance Company - Approval - Rules