Oklahoma Insurance Department News

Insurance Premium Relief Programs Have Saved Oklahoma Drivers over $164M

Refunds, dividends, credits, or other appropriate premium adjustments automobile insurance companies have offered to their customers due to the COVID-19 pandemic have saved Oklahoma drivers $164 million, the state insurance department reported on July 20. 99 Oklahoma property/casualty insurance companies …

Downs Named Chief of Staff at Oklahoma Insurance Department

Brian Downs has been tapped to serve as chief of staff for the Oklahoma Insurance Department (OID). Downs currently serves as the State Health Information Exchange director and special assistant to the Governor’s Front Porch Initiative. He previously served as …

Combs Named Chief of Staff at Oklahoma Insurance Department

Oklahoma Insurance Department Deputy Commissioner of Licensing Services & Policy Counsel Buddy Combs has been appointed to fill an upcoming chief of staff and first deputy commissioner vacancy at the department. The current Chief of Staff and First Deputy Commissioner …

Workers’ Comp Loss Costs to Drop 5% in Oklahoma Next Year

A 5.1% percent decrease in workers’ compensation insurance loss costs in Oklahoma for 2020 has been approved by Insurance Commissioner Glen Mulready, the state insurance department announced. Loss costs are the average cost of lost wages and medical payments of …

Laughlin Named Chief of Staff for Okla. Insurance Commissioner-Elect Mulready

Insurance Commissioner-Elect Glen Mulready has tapped Oklahoma native and longtime conservative adviser, Tyler Laughlin, as chief of staff and first deputy insurance commissioner. Laughlin, currently a deputy commissioner for the Oklahoma Insurance Department, will lead Mulready’s transition into the post. …

Combs Named Oklahoma Deputy Commissioner of Insurance Business Transfers

Oklahoma Insurance Commissioner John Doak has named Buddy Combs the new deputy commissioner of insurance business transfers at the Oklahoma Insurance Department. The move is in preparation for the new Insurance Business Transfer (IBT) law, which becomes effective in November. …

Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, Not Licensed

The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January, Rockingham Casualty and Edmond, Oklahoma-based FarmAssure LLC …

Oklahoma Joins International Insurance Information Exchange Agreement

The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the International Association of Insurance Supervisors (IAIS), since the first jurisdiction was admitted in June 2009, membership in the IAIS Multilateral Memorandum of Understanding …

Ex-Oklahoma Insurance Agent Told to Stop Conducting Insurance Business

Oklahoma Insurance Commissioner John D. Doak has issued a cease and desist order to a former insurance agent in Cushing. The Oklahoma Insurance Department reported that investigators discovered Mark Lauderdale, whose insurance license expired four years ago, continued collecting payments …

Oklahoma Bill Would Allow Health Insurance Sales Across State Lines

The Oklahoma House Insurance Committee has passed a bill that will allow individuals to purchase health insurance across state lines. Senate Bill 478, by state Rep. Lewis Moore and Bill Brown of the Senate, will allow the Oklahoma Insurance Department …