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.
Okla. Stat. tit. 36, § 6470.31.1
Combination of assets
Known as the Oklahoma Captive Insurance Company Act
The act spans §§ 36-6470.1 to 36-6470.9 (40 sections).
Added by Laws 2013, c. 41, § 4, eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.