OAC 310:657-13-1
Ownership
Cite as Okla. Admin. Code § 310:657-13-1
The Plan's ownership, control and management shall have the
knowledge, skills and experience that will make the Plan's
operation beneficial to employees. The Commissioner shall not
grant or renew a certificate when the Plan's ownership, control,
or management is under the control of any person whose operations
are or have been marked by the following:
(1) business practice or conduct that is to the detriment of
the public, stockholders, investors, or creditors; or
(2) improper manipulation of assets or accounts.