| Captives | 1 |
| Capitalization | Pure Captive: $125,000
Association Captive: $750,000
Branch Captive: $250,000
Industrial Insured Captive: $500,000
Risk Retention Group: $1,000,000
Sponsored Captive: $500,000
Special Purpose Captive: $250,000 |
| Registration & Incorporation Expenses | Captive Company Application/Processing Fee: $2,000
Annual License Renewal Fee: $300
Incorporation, Sec. of State: $50 |
| Investment Restrictions | Association Captives |
| Tax Issues | Direct Premium Tax Rate: 0.2%
Direct Premium Tax Cap: $100,000
Reinsurance Premium Tax Rate: 0.1%
Reinsurance Premium Tax Cap: $100,000
Aggregate Tax Annual Minimum: $5,000 |
| Applicable Acts | 36 Okla Stat. §§ 6470.1-.33 (Supp. 2013) |
| Tax Treaties | |
| Supervisory Jurisdiction | John Doak, Insurance Commissioner
Oklahoma Department of Insurance
Five Corporate Plaza
3625 NW 56th, Suite 100
Oklahoma City, OK 73112-4511 |
| Reporting Requirements | GAAP except RRG |
| Reserve & Underwriting Requirements | Actuarially Adequate |
| Local Office Requirements | Place of Business, No Local Director |
| Estimated Number of Captives | 4 |
| Domicile URL | http://www.oid.ok.gov |
| Status | Active |
| News | Became domicile in 2004. |