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Domicile Wars: D&O, cannabis potential growth areas for Oklahoma, re-domestications targeted

  • State is investing in greater captive regulatory resources
  • Insurance Commissioner wants OK businesses to know “it’s time to come home”
  • Oklahoma’s corporate law could be amended to allow Side A D&O to be insured by captives
  • Captives could solve remediation bond challenge in medical marijuana sector

Oklahoma is looking to expand its offering to captives by adapting its regulation to allow Oklahoma-domiciled captives to write Side A directors and officers insurance.

The use of captives by cannabis companies is also a potential growth opportunity for the State due to its relaxed laws around marijuana and increasing captive interest from the cannabis industry.

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