Oklahoma Insurance Department (OID) News

Former Insurance Company Exec Named Chief Actuary at Oklahoma Insurance Dept.

Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24. Schallhorn formerly was president of Reserve National Insurance Co. In a departmental press announcement, Oklahoma Insurance Commissioner John D. Doak called the position …

Oklahoma Has New Vendor for Insurance Licensing Exams

Oklahoma has a new vendor for licensing exams for insurance professionals and bail bondsman. The Oklahoma Insurance Department (OID) reported that Prometric will develop and deliver exam content for all of OID’s statewide licensing examinations. Oklahoma requires insurance professionals and …

Dozens of Wildfires Burn Hundreds of Square Miles in Oklahoma, Texas

Strong winds are fueling more than two dozen wildfires burning across Oklahoma and Texas. Authorities say one blaze in western Oklahoma is estimated to be nearly 40 miles across at its widest point. Oklahoma Forestry Services spokeswoman Michelle Finch-Walker says …

Oklahoma Recovers Over $3M for Consumers in 2017

The Oklahoma Insurance Department (OID) recovered more than $3 million for policyholders in 2017. The money was paid out to Oklahoma consumers who had claim disputes with their insurance company. OID’s Consumer Assistance/Claims Division, which processes and investigates all complaints …

Oklahoma Senate OKs Bill Changing Oversight of Online Insurance Verification

The full Senate has approved legislation to transfer oversight of Oklahoma’s Compulsory Insurance Online Verification System (OCIVS) for motor vehicle liability policies from the Department of Public Safety (DPS) to the Oklahoma Insurance Department (OID). Senate Bill 115, authored by …

Tulsa Man Who Assaulted Insurance Adjuster Gets Life Sentence

A Tulsa, Okla., man who filed a bogus insurance claim and assaulted an insurance adjuster has been sentenced to life in prison, the state insurance department announced. Prentice E. Ponds II, 43, was on parole at the time of the …

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 …