Managing director of Elevate Captives, Jerry Messick, has confirmed that captive legislation has made its way through congress in Oklahoma.
He said: “Oklahoma is desiring to be a preferred captive domicile. The revised legislation has passed the House and Senate and now sits on the floor. We are hopeful the legislation will be sent to the Governor and signed.”
The state has also recently formed the Oklahoma Captive Insurance Association (OCIA).
Messick, who has been named the president of the OCIA, believes the association will further the interests of Oklahoma as a progressive domicile.
“The board will consist of service providers and captive owners. We will be launching the OCIA website shortly, so stay tuned for further information,” said Messick.
