Okla. Stat. tit. 36, § 36-6470.30: Sponsor of sponsored captive insurance company

A sponsor of a sponsored captive insurance company must be an

insurer licensed pursuant to the laws of a state, an insurance

holding company that controls an insurer licensed pursuant to the

laws of any state and subject to registration pursuant to the

insurance holding company system laws of the state of domicile of

the insurer, a reinsurer authorized or approved pursuant to the laws

of a state, or a captive insurance company formed or licensed

pursuant to the Oklahoma Captive Insurance Company Act, a holding

company, a trust, an individual or other organization as permitted

by the Insurance Commissioner. A risk retention group may be a

participant of a sponsored captive insurance company only to the

extent that it is the sole participant of one or more protected

cells.