CICA > Domiciles > Oklahoma

Oklahoma

 
Compare
Year captive legislation was passed
Sign in to see more data
Total number of captives as of year-end 2022
Sign in to see more data
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
8
Initial licensing and incorporating fees required by the domicile

?tooltip content

Sign in to see more data
Annual fees
Sign in to see more data
Premium tax rate
Sign in to see more data
Minimum capital (broken out by type of captive)

pure captive, $250,000; association captive, $750,000; industrial insured captive, $500,000; sponsored captive, $500,000; RRG, $1,000,000; special purpose captive & branch captive, $250,000 or an amount determined by the Insurance Commissioner

Applicable Acts/Enabling Legislation
Oklahoma Captive Insurance Statute, Title 36 O.S. §§ 6470.1-33; Captive Insurance Rules, 365:25-15-1 to 15.
Captive Administrator’s name and longevity in position
Sign in to see more data
Speed of licensing
under 30 days
Regulator
Sign in to see more data
Address and contact information of Regulatory Department
Sign in to see more data
Website Address
https://www.oid.ok.gov/captive-insurance-division/