Okla. Stat. tit. 36, § 36-1100.1: Definitions

As used in the Unauthorized Insurers and Surplus Lines Insurance

Act:

1. "Admitted insurer" means, with respect to a state, an

insurer that is licensed to transact the business of insurance in

such state;

2. "Home state" means:

a. except as provided in subparagraphs b through e of

this paragraph, with respect to an insured:

(1) the state in which an insured maintains its

principal place of business or, in the case of an

individual, the individual's principal residence,

or

(2) if one hundred percent (100%) of the insured risk

is located out of the state referred to in

division (1) of this subparagraph, the state to

which the greatest percentage of the insured's

taxable premium for the insurance contract is

allocated,

b. with respect to determining the home state of the

insured, "principal place of business" means:

(1) the state where the insured maintains its

headquarters and where the insured's high-level

officers direct, control and coordinate the

business activities, or

(2) if the insured maintains its headquarters or the

insured's high-level officers direct, control and

coordinate the business activities outside

Oklahoma, the state to which the greatest

percentage of the insured's taxable premium for

that insurance contract is allocated,

c. with respect to determining the home state of the

insured, "principal residence" means:

(1) the state where the insured resides for the

greatest number of days during the calendar year,

or

(2) if the insured's principal residence is located

outside any state, the state to which the

greatest percentage of the insured's taxable

premium for that insurance is allocated,

d. if more than one insured from an affiliated group are

named insureds on a single nonadmitted insurance

contract, the term "home state" means the home state,

as determined pursuant to division (1) of subparagraph

a of this paragraph, of the member affiliated group

that has the largest percentage of premium attributed

to it under such insurance contract, or

e. when the group policyholder pays one hundred percent

(100%) of the premium from its own funds, the term

"home state" means the home state, as determined

pursuant to division (1) of subparagraph a of this

paragraph, of the group policyholder. When the group

policyholder does not pay one hundred percent (100%)

of the premium from its own funds, the term "home

state" means the home state, as determined pursuant to

division (1) of subparagraph a of this paragraph, or

of the group member;

3. "Independently procured insurance" means insurance procured

by an insured directly from a nonadmitted insurer;

4. "Licensed" means, with respect to an insurer, authorization

to transact the business of insurance in a state by a license,

certificate of authority, charter or otherwise;

5. "Multistate risk" means a risk covered by a nonadmitted

insurer with insured exposures in more than one state;

6. "Nonadmitted insurance" means any property and casualty

insurance permitted in a state to be placed directly through a

surplus lines licensee or broker with a nonadmitted insurer eligible

to accept such insurance. For purposes of the Unauthorized Insurers

and Surplus Lines Insurance Act, nonadmitted insurance includes

independently procured insurance and surplus lines insurance;

7. "Nonadmitted insurer" means, with respect to a state, an

insurer not licensed to engage in the business of insurance in such

state, but shall not include a risk retention group as that term is

defined under applicable federal law;

8. "Single-state risk" means a risk insured with insured

exposures in only one state;

9. "Surplus lines insurance" means insurance procured by a

nonadmitted licensee or broker from a surplus lines insurer as

permitted under the law of the insured's home state; and

de a risk retention group as that term is

defined under applicable federal law;

8. "Single-state risk" means a risk insured with insured

exposures in only one state;

9. "Surplus lines insurance" means insurance procured by a

nonadmitted licensee or broker from a surplus lines insurer as

permitted under the law of the insured's home state; and

10. "Surplus lines licensee" or "surplus lines broker" means an

individual, firm or corporation that is licensed in the insured's

home state to sell, solicit, or negotiate insurance, including the

agent of record on a nonadmitted insurance policy, on properties,

risks or exposures located or to be performed in a state allowing

nonadmitted insurers to do business.