- 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 a shareholder of the sponsored captive insurance company or an affiliate of the company.
- D. A participant shall insure only its own risks through a sponsored captive insurance company, unless otherwise approved by the Insurance Commissioner.
Added by Laws 2004, HB 2141, c. 334, § 38, emerg. eff. May 25, 2004.