Okla. Stat. tit. 36, § 36-615.1: Application to transact insurance - Application review

A. Unless otherwise instructed by the Insurance Commissioner,

an applicant requesting to be admitted to transact insurance in this

state shall follow the instructions outlined in the National

Association of Insurance Commissioners (NAIC) Uniform Certificate of

Authority Application (UCAA) instructions.

B. The Commissioner shall review and analyze each application

with focus on the following:

1. Identification and evaluation of the business and strategic

plans of the applicant, including but not limited to pro forma

financial projections;

2. Assessment of the quality and expertise of the ultimate

controlling person, proposed officers and directors, appointed

actuary and appointed accountant, including the use of the NAIC Form

A and SAD databases;

3. Adequacy of any proposed reinsurance program;

4. Adequacy of investment policy;

5. Adequacy of short-term and long-term financing arrangements,

including, but not limited to:

a. initial financing of proposed operations or

transaction, and

b. maintenance of adequate capital and surplus levels;

6. Biographical affidavits;

7. Related party agreements’ compliance with SSAP No. 25; and

8. Any other information the Commissioner deems necessary to

review.