{"data":{"id":"us-ok/okla.-stat.-tit.-85-85-398","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 85, § 85-398","heading":"Group self-insurers","body":"A. The Workers' Compensation Court shall adopt rules permitting\n\ntwo or more employers not otherwise subject to the provisions of\n\nSection 2b of this title to pool together liabilities under this act\n\nfor the purpose of qualifying as a group self-insurer and each such\n\nemployer shall be classified as a self-insurer.\n\nB. The Court shall approve the distribution of all\n\nundistributed policyholders' surplus of a Workers' Compensation\n\nSelf-Insurance Program if the Program complies with the following\n\ncriteria:\n\n1. Has been in business for at least five (5) years;\n\n2. Has its financial statements audited by a public accounting\n\nfirm which audits at least one corporate client which has assets in\n\nexcess of One Billion Dollars ($1,000,000,000.00) and on which the\n\naccounting firm has issued an unqualified opinion as to the fair\n\npresentation of the financial position of the Program showing\n\nadequate solvency and reserves; and\n\n3. Is in compliance with the provisions of this title and all\n\nother regulations as required by the Court.\n\nC. A group self-insurer created pursuant to this section either\n\nprior to or after the effective date of this act shall not be\n\nsubject to the provisions of the Oklahoma Uniform Securities Act of\n\n2004.","path":["OK Code","Title 85"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os85.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"0e6555eac1bce0807adc601d6da5803b49568751536b103fa9d3135728e6504d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-85-85-380","next":"us-ok/okla.-stat.-tit.-85-85-399"},"notice":"GroundRules: Original legal text. Not legal advice."}