Oklahoma § 36-6470.25 Protected cell - Use of assets.

Oklahoma Statutes

§ 36-6470.25 — Protected cell - Use of assets.

Oklahoma § 36-6470.25

Title 36Insurance

This text of Oklahoma § 36-6470.25 (Protected cell - Use of assets.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 36, § 36-6470.25 (2026).

Text

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.

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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.

Legislative History

Added by Laws 2004, c. 334, § 32, emerg. eff. May 25, 2004. Amended by Laws 2006, c. 264, § 69, eff. July 1, 2006; Laws 2015, c. 298, § 23, eff. Nov. 1, 2015.