At least thirty-five percent (35%) of the assets of a captive reinsurance company must be managed by an asset manager domiciled in this state. The manager shall be licensed by the Oklahoma Insurance Department as a licensed third-party administrator or managing general agent and maintain its principal place of business in this state.

Added by Laws 2004, HB 2141, c. 334, § 33, emerg. eff. May 25, 2004; Amended by Laws 2006, HB 2909, c. 265, § 4, eff. November 11, 2006 (superseded document available).