Okla. Stat. tit. 36, § 36-6470.12: Discounting of loss and loss adjustment expense

reserves – Actuarial opinion.

A. Upon written application, accompanied by such information as

the Commissioner requires, the Insurance Commissioner may grant

permission to a sponsored captive insurance company or a special

purpose captive insurance company to discount loss and loss

adjustment expense reserves at treasury rates applied to the

applicable payments projected through the use of the expected

payment pattern associated with the reserves.

B. A sponsored captive insurance company and a special purpose

captive insurance company, and any captive insurer, at the

Commissioner's discretion, shall file annually an actuarial opinion

on the company's loss and loss adjustment expense reserves or life

and health policy and claim reserves, as applicable. The individual

who prepares the Statement of Actuarial Opinion must be independent

of the captive company and its affiliates.

C. The Insurance Commissioner may disallow the discounting of

reserves if a captive insurance company violates a provision of this

title.