Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-6470.16. Reinsurance on risks ceded by another insurer – Credit for reserves.

Latest version.

A. A captive insurance company may provide reinsurance, as authorized in the Oklahoma Insurance Code, for domestic insurers on risks ceded by any other insurer.
B. A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers only in accordance with the Oklahoma Insurance Code.

Added by Laws 2004, c. 334, § 23, emerg. eff. May 25, 2004. Amended by Laws 2013, c. 41, § 14, eff. Nov. 1, 2013.

                    
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