- A. A captive insurance company may provide reinsurance, as authorized in the Oklahoma Insurance Code, on risks ceded by any other insurer.
- B. A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with the Oklahoma Insurance Code. A captive insurer may not take credit for reserves on risks or portions of risks ceded to a reinsurer if the reinsurer is not in compliance with the Oklahoma Insurance Code.
Laws 2004, HB 2141, c. 334, § 23, emerg. eff. May 25, 2004.