Oklahoma Insurance Department (OID) News

Oklahoma Workers’ Comp Loss Costs Fall 10.2%

The annual filing most insurance carriers will use to develop rates for workers’ compensation insurance shows a decrease for the fourth year in a row in Oklahoma, according to the state insurance department. The Oklahoma Insurance Department reported that the …

Oklahoma Commissioner to Insurers: Pay Roof Repairs that Meet Building Codes

In the midst of storm season, the Oklahoma Insurance Department (OID) is reminding insurance companies to cover roof repairs that meet state or local building codes. OID issued a bulletin to insurers on April 25 after receiving multiple consumer complaints. …

Oklahoma Insurance Commissioner: Department Can Fund Itself

Oklahoma Insurance Commissioner John D. Doak has requested that the Oklahoma Insurance Department (OID) no longer receive appropriated funds from the state. He said his office as the has the ability to function on the licensing fees it collects. With …

Oklahoman Arrested for Attack on Insurance Adjuster, Fraud

A Tulsa, Oklahoma, man suspected of assaulting an insurance adjuster and filing a bogus insurance claim was arrested on Aug. 13, the state insurance department reported. The adjuster was attacked after questioning an insurance claim filed by Prentice E. Ponds …

Oklahoma Investigation Leads to 12 Charges Against Former Agent

A former Tulsa, Okla., insurance agent with a prior conviction of embezzlement has now been charged with 11 counts of obtaining money by false pretense and one count of violation of the Oklahoma Producer License Act. Oklahoma Insurance Department (OID) …

Oklahoma Requiring Transparency for Interlocal Insurance Pools

Oklahoma Insurance Commissioner John D. Doak is urging school districts considering interlocal insurance agreements to be diligent about analyzing financial statements before joining an insurance pool. To that end, the Oklahoma Insurance Department (OID) has launched a new webpage to …

Oklahoma Insurance Department Employees Lauded for Tornado Response

Oklahoma Lt. Gov. Todd Lamb on June 10 recognized the efforts of Oklahoma Insurance Department (OID) employees in the aftermath of the deadly tornado outbreak that impacted central Oklahoma in May. “You guys have been working extremely hard,” said Lamb. …