Okla. Stat. tit. 36, § 36-625.4: Credit against premium tax

A. One hundred percent (100%) of any assessment paid by an

insurer under the Oklahoma Property and Casualty Insurance Guaranty

Association Act shall be allowed to that insurer as a credit against

its premium tax levied under Section 624 of Title 36 of the Oklahoma

Statutes. The tax credit referred to in this section shall be

allowed at a rate of ten percent (10%) per year for ten (10)

successive years following the date of assessment and, at the option

of the insurer, may be taken over an additional number of years.

The balance of any tax credit not claimed in a particular year may

be reflected in the books and records of the insurer as an admitted

asset of the insurer for all purposes.

B. Available credit against premium tax allowed under

subsection A of this section may be transferred or assigned among or

between insurers if:

1. A merger, acquisition, or total assumption of reinsurance

among or between the insurers occurs; or

2. The Insurance Commissioner by order approves the transfer or

assignment.