Oklahoma § 36-6470.31 - Participants in sponsored captive insurance company
Full text of Oklahoma Oklahoma Statutes § 36-6470.31 — Participants in sponsored captive insurance company, with citation guidance and answers to common questions.
§ 36-6470.31. Participants in sponsored captive insurance company
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 an owner of the sponsored captive
insurance company or an affiliate of the company.
D. Unless otherwise approved by the Insurance Commissioner, a
participant may insure through a sponsored captive insurance company
Oklahoma Statutes - Title 36. Insurance
only its own risks or the risks of its affiliates who are
participants.
Added by Laws 2004, c. 334, § 38, emerg. eff. May 25, 2004.
by Laws 2013, c. 41, § 23, eff. Nov. 1, 2013.
Amended
§36-6470.31.1. Combination of assets.
Notwithstanding the provisions of paragraph 2 of subsection B of
Section 6470.29 of Title 36 of the Oklahoma Statutes, a sponsored
captive insurance company may combine the assets of two or more
protected cells for purposes of investing those assets. Such a
combination of assets may not be construed as defeating the
segregation of assets required by this act, or for accounting or
other purposes.
Added by Laws 2013, c. 41, § 4, eff. Nov. 1, 2013.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6470.31
What does Oklahoma Statutes § 36-6470.31 cover?
Section 36-6470.31 ("Participants in sponsored captive insurance company") 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 § 36-6470.31?
A common citation format is "Oklahoma Statutes § 36-6470.31" (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 § 36-6470.31 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.