Captive insurance, a self-insurance strategy, may help companies cover their own risks more efficiently. Oklahoma is an ideal place for captive insurers due to its favorable regulatory framework and supportive environment. The Oklahoma Captive Insurance Company Act streamlines the formation and operation of captives with a simple application and flexible capital requirements.
Oklahoma’s central location and business-friendly climate make it an attractive domicile, adding over $100 million in captive insurance premiums last year alone.
To learn more, the Oklahoma Insurance Department is hosting its annual Oklahoma Captive Day training conference on Tuesday, Aug. 20.
Register for this event at oid.ok.gov/okcaptiveday.
– Staff Report, The Oklahoma 100
