Oklahoma licenses 14 new captives in 2017
The Oklahoma Insurance Department licensed 14 captive insurance companies last year, according to its year-end figures.
The statistics also revealed that as of 31 December 2017 there were 73 active captives domiciled in the state.
James Mills, deputy commissioner for the department, commented: “We are focused on providing stable regulation to the captive industry at a time where other sources are creating uncertainty.”
He added: “Will continue to foster a business-friendly environment for new and growing captive insurance companies.”
In 2016, Oklahoma licensed 17 new captives.
