Okla. Stat. tit. 85, § 85-398: Group self-insurers

A. The Workers' Compensation Court shall adopt rules permitting

two or more employers not otherwise subject to the provisions of

Section 2b of this title to pool together liabilities under this act

for the purpose of qualifying as a group self-insurer and each such

employer shall be classified as a self-insurer.

B. The Court shall approve the distribution of all

undistributed policyholders' surplus of a Workers' Compensation

Self-Insurance Program if the Program complies with the following

criteria:

1. Has been in business for at least five (5) years;

2. Has its financial statements audited by a public accounting

firm which audits at least one corporate client which has assets in

excess of One Billion Dollars ($1,000,000,000.00) and on which the

accounting firm has issued an unqualified opinion as to the fair

presentation of the financial position of the Program showing

adequate solvency and reserves; and

3. Is in compliance with the provisions of this title and all

other regulations as required by the Court.

C. A group self-insurer created pursuant to this section either

prior to or after the effective date of this act shall not be

subject to the provisions of the Oklahoma Uniform Securities Act of

2004.