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Okla. Stat. tit. 36, § 6470.25

Protected cell - Use of assets

Known as the Oklahoma Captive Insurance Company Act

The act spans §§ 36–36 (40 sections).

Added by Laws 2004, c. 334, § 32, emerg. eff

In the case of a sponsored captive insurance company:

1. The assets of the protected cell may not be used to pay expenses or claims other than those attributable to the protected cell; and 2. Its capital and surplus at all times must be available to pay expenses of or claims against the sponsored captive insurance company and may not be used to pay expenses or claims attributable to a protected cell.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.