1. A. An association captive insurance company and an industrial insured captive insurance company insuring the risks of an industrial insured group shall comply with the investment requirements contained in the Oklahoma Insurance Code. The Insurance Commissioner may approve the use of alternative reliable methods of valuation and rating.
2. B. A pure captive insurance company, an industrial insured captive insurance company, and a sponsored 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.
3. C. Only a pure captive insurance company may make loans to its parent company or affiliates and only upon the prior written approval of the Insurance Commissioner and must be evidenced by a note in a form approved by the Insurance Commissioner. Loans of minimum capital and surplus funds required by Sections 13 and 15 of this act are prohibited.

Laws 2004, HB 2141, c. 334, § 22, emerg. eff. May 25, 2004.