{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6470.12","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6470.12","heading":"Discounting of loss and loss adjustment expense","body":"reserves – Actuarial opinion.\n\nA. Upon written application, accompanied by such information as\n\nthe Commissioner requires, the Insurance Commissioner may grant\n\npermission to a sponsored captive insurance company or a special\n\npurpose captive insurance company to discount loss and loss\n\nadjustment expense reserves at treasury rates applied to the\n\napplicable payments projected through the use of the expected\n\npayment pattern associated with the reserves.\n\nB. A sponsored captive insurance company and a special purpose\n\ncaptive insurance company, and any captive insurer, at the\n\nCommissioner's discretion, shall file annually an actuarial opinion\n\non the company's loss and loss adjustment expense reserves or life\n\nand health policy and claim reserves, as applicable. The individual\n\nwho prepares the Statement of Actuarial Opinion must be independent\n\nof the captive company and its affiliates.\n\nC. The Insurance Commissioner may disallow the discounting of\n\nreserves if a captive insurance company violates a provision of this\n\ntitle.","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":"a82fa9bf16e8b966feb2d4228f8e0027d5918e75db14e05817252b361f622e50","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6470.11","next":"us-ok/okla.-stat.-tit.-36-36-6470.13"},"notice":"GroundRules: Original legal text. Not legal advice."}