Oklahoma § 36-6470.15 - Investment requirements – Loans
Full text of Oklahoma Oklahoma Statutes § 36-6470.15 — Investment requirements – Loans, with citation guidance and answers to common questions.
§ 36-6470.15. Investment requirements – Loans
A. An association captive insurance company, a sponsored
captive insurance company, and a risk retention group shall comply
with the investment requirements contained in the Oklahoma Insurance
Code. The Insurance Commissioner may approve the use of alternative
investment requirements upon application by such captive insurance
company.
B. Except as to unimpaired paid-in capital as provided in
paragraph 7 of subsection A of Section 6470.6 of this title, a pure
captive insurance company, a special purpose captive insurance
company, a branch captive insurance company, a series captive
insurance company, and an industrial insured captive insurance
company are not subject to any restrictions on allowable investments
contained in the Oklahoma Insurance Code; however, the Insurance
Commissioner may prohibit or limit an investment that threatens the
solvency or liquidity of the company.
C. Loans of minimum capital and surplus funds required by
Section 6470.6 of this title are prohibited.
D. Subject to subsections A and B of this section and Section
6470.31 of this title, as applicable, a captive insurance company
may own securities of or other interests in another captive
insurance company, whether voting or nonvoting.
Added by Laws 2004, c. 334, § 22, emerg. eff. May 25, 2004. Amended
by Laws 2013, c. 41, § 13, eff. Nov. 1, 2013; Laws 2015, c. 298, §
19, eff. Nov. 1, 2015; Laws 2022, c. 127, § 5, eff. Nov. 1, 2022.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6470.15
What does Oklahoma Statutes § 36-6470.15 cover?
Section 36-6470.15 ("Investment requirements – Loans") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-6470.15?
A common citation format is "Oklahoma Statutes § 36-6470.15" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-6470.15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.