{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-615.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-615.1","heading":"Application to transact insurance - Application review","body":"\n\nA. Unless otherwise instructed by the Insurance Commissioner,\n\nan applicant requesting to be admitted to transact insurance in this\n\nstate shall follow the instructions outlined in the National\n\nAssociation of Insurance Commissioners (NAIC) Uniform Certificate of\n\nAuthority Application (UCAA) instructions.\n\nB. The Commissioner shall review and analyze each application\n\nwith focus on the following:\n\n1. Identification and evaluation of the business and strategic\n\nplans of the applicant, including but not limited to pro forma\n\nfinancial projections;\n\n2. Assessment of the quality and expertise of the ultimate\n\ncontrolling person, proposed officers and directors, appointed\n\nactuary and appointed accountant, including the use of the NAIC Form\n\nA and SAD databases;\n\n3. Adequacy of any proposed reinsurance program;\n\n4. Adequacy of investment policy;\n\n5. Adequacy of short-term and long-term financing arrangements,\n\nincluding, but not limited to:\n\na. initial financing of proposed operations or\n\ntransaction, and\n\nb. maintenance of adequate capital and surplus levels;\n\n6. Biographical affidavits;\n\n7. Related party agreements’ compliance with SSAP No. 25; and\n\n8. Any other information the Commissioner deems necessary to\n\nreview.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"a22e3d197fc659d1fcab89bf2c927bd9ff1575fae8a868e7e38c253a04c2aef4","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6149","next":"us-ok/okla.-stat.-tit.-36-36-615.2"},"notice":"GroundRules: Original legal text. Not legal advice."}