Okla. Stat. tit. 36 § 6470.27

Current through Laws 2024, c. 378.
Section 6470.27 - Standards ensuring exercise of control of risk management function of insured controlled unaffiliated business - Regulations

The Insurance Commissioner shall promulgate regulations establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management for any controlled unaffiliated business to be insured by a pure captive insurance company; however, until such time as these regulations are promulgated, the Insurance Commissioner may by temporary order grant authority to a pure captive insurance company to insure risks.

Okla. Stat. tit. 36, § 6470.27

Amended by Laws 2015 , c. 298, s. 24, eff. 11/1/2015.
Amended by Laws 2013 , c. 41, s. 19, eff. 11/1/2013.
Added by Laws 2004 , HB 2141, c. 334, §34, emerg. eff. 5/25/2004.