Insurance; Oklahoma Captive Insurance Company Act; protected cell; conversion; sponsored captive insurance company; legal action; effective date.

The document header was changed from 'Committee Substitute' to 'House of Representatives - Floor Version' to reflect the bill's current stage in the legislative process.

The summary of the act's provisions was restructured, removing a specific 'Req. No.' page marker and reflowing the text to align with the new header format.

Minor formatting adjustments were made to the page headers and line breaks throughout the document to match the floor version style.

Added a new definition for 'Association' to clarify the legal requirements for member organizations forming an association captive insurance company.

Modified the definition of 'Agency captive insurance company' by replacing the fixed 10% ownership threshold with a flexible standard of 10% or more of voting securities, subject to the Insurance Commissioner's approval.

Updated the bill title and sponsor list to reflect the House Committee Substitute version, adding Tedford as a co-sponsor.

Updated the request number from 16196 to 17088 to reflect the new legislative filing.

The bill title and header were changed from 'Proposed Oversight Committee Substitute' to 'Proposed Policy Committee Substitute'.

The list of sponsors was updated to show only 'Blair' instead of 'Blair and Tedford'.

The internal requirement tracking numbers were changed from '16976' to '16196' to match the new committee version.

The document header and title were updated to reflect the 'Proposed Oversight Committee Substitute' status, including the addition of committee leadership names and a formal amendment motion to replace the entire bill text.

Page numbering and formatting were adjusted to align with the committee substitute format, including the addition of a 'Req. No.' field.

The footer and page references were updated to reflect the new committee substitute version, removing the 'Engrossed' designation.

The text for Section 1, defining 'Agency captive insurance company', was reformatted and slightly restructured, though the core definition regarding ownership by insurance agencies or brokers remains consistent.

Section 6470.35 was added to the list of statutes amended by this bill, expanding the legislative reach to include this specific section.

The bill header was updated to reflect the final sponsors (Blair, Tedford, and Reinhardt) and changed the status from 'Introduced' to 'Engrossed'.

Page numbering and formatting were adjusted to align with the final engrossed version of the document.