Reinsurance on risks ceded by another insurer - Credit for reserves. A captive insurance company may cede or assume reinsurance and take credit for reserves, as authorized for domestic insurers by the Oklahoma Insurance Code.
Okla. Stat. tit. 36, § 6470.16
Reinsurance on risks ceded by another insurer - Credit for reserves
Known as the Oklahoma Captive Insurance Company Act
The act spans §§ 36–36 (40 sections).
Added by Laws 2004, c. 334, § 23, emerg. eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.