Okla. Stat. tit. 36, § 36-6470.31: Participants in sponsored captive insurance company

A. An association, a corporation, a limited liability company,

a partnership, a trust, or other business entity may be a

participant in a sponsored captive insurance company formed or

licensed pursuant to the Oklahoma Captive Insurance Company Act.

B. A sponsor may be a participant in a sponsored captive

insurance company.

C. A participant need not be an owner of the sponsored captive

insurance company or an affiliate of the company.

D. Unless otherwise approved by the Insurance Commissioner, a

participant may insure through a sponsored captive insurance company

only its own risks or the risks of its affiliates who are

participants.