A captive insurance company may not join or contribute financially to a plan, pool, association, or guaranty or insolvency fund in this state, and a captive insurance company, or its insured or its parent or any affiliated company or any member organization of its association, or in the case of a captive insurance company organized as a reciprocal insurer, a subscriber of the company, or in the case of a sponsored captive insurance company, a protected cell or participant in a protected cell may not receive a benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of such captive insurance company.
Okla. Stat. tit. 36, § 6470.18
Membership in, contribution to, or benefit from plan, pool, association, or guaranty or insolvency fund
Known as the Oklahoma Captive Insurance Company Act
The act spans §§ 36–36 (40 sections).
Added by Laws 2004, c. 334, § 25, emerg. eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.