Okla. Admin. Code § 365:25-15-1.1
The following words and terms, when used in this subchapter and the Oklahoma Captive Insurance Company Act, shall have the following meaning, unless the context clearly indicates otherwise:
"Business plan" means the business activity of the company designed to accomplish its stated purpose. At a minimum, it must include the following:
(A) identity of the ownership and management;
(B) the type and expected volume of business to be written;
(C) details of any reinsurance agreements to be entered into;
(D) details of any management services or tax allocation agreements; and
(E) financial projections as required per subsection (a)(1)(G) above.
"Feasibility study" means an analysis of the owner/insured's risk profile and financial condition. The analysis must include and consider the following issues, but is not limited to:
(A) a detailed analysis as to how the captive will effect risk management and loss control;
(B) risks to be insured;
(C) recommendations and projections by a qualified independent actuary recommended premiums, losses, expenses and retentions;
(D) tax projections;
(E) domicile options that address the impact on operating costs and tax issues;
(F) comparison of a captive program with other viable risk financing alternatives;
(G) five-year pro forma financial statements and projections, analysis of the financial impact of establishing a captive, of any form; and
(H) identification of management procedures, underwriting procedures, managerial oversight methods, investment policies, and reinsurance agreements.
Okla. Admin. Code § 365:25-15-1.1