Okla. Stat. tit. 36, § 36-6470.22: Exemptions for special purpose captive insurance

companies.

The Insurance Commissioner may, by rule, regulation, or order,

exempt special purpose captive insurance companies, on a case-by-

case basis, from provisions of the Oklahoma Insurance Code, Oklahoma

Captive Insurance Company Act and any rule or regulation established

under either that he or she determines to be inappropriate to apply

to such companies given the nature of the risks to be insured.