§ 6470.27. Standards ensuring exercise of control of risk management function of insured contro...
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 6470.27
§ 6470.27. Standards ensuring exercise of control of risk management function of insured controlled unaffiliated business--Regulations
The Insurance Commissioner shall promulgate regulations establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management for any controlled unaffiliated business to be insured by a pure captive insurance company; however, until such time as these regulations are promulgated, the Insurance Commissioner may by temporary order grant authority to a pure captive insurance company to insure risks.
Credits
Laws 2004, c. 334, § 34, emerg. eff. May 25, 2004; Laws 2013, c. 41, § 19, eff. Nov. 1, 2013; Laws 2015, c. 298, § 24, eff. Nov. 1, 2015.
36 Okl. St. Ann. § 6470.27, OK ST T. 36 § 6470.27
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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