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§ 6470.25. Protected cell--Use of assets

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 2. Miscellaneous Provisions
Captive Insurance Company Act
36 Okl.St.Ann. § 6470.25
§ 6470.25. Protected cell--Use of assets
Currentness
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.

Credits

Laws 2004, c. 334, § 32, emerg. eff. May 25, 2004; Laws 2006, c. 264, § 69, eff. July 1, 2006; Laws 2015, c. 298, § 23, eff. Nov. 1, 2015.
36 Okl. St. Ann. § 6470.25, OK ST T. 36 § 6470.25
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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