Compliance Alerts

    Oklahoma

    Oklahoma Issues Bulletin Regarding OK-MAP Annual Assessment

    Apr 23, 2025 / by AAIS posted in Compliance, Oklahoma

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    On April 22, 2025, the Oklahoma Insurance Department issued Bulletin No. 2025-02 to all property and casualty insurers licensed in the state regarding the Oklahoma Market Assistance Program (OK-MAP) annual assessment.

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    Oklahoma Issues Bulletin Requiring Market Survey Attestation

    Aug 30, 2024 / by AAIS posted in Compliance, Oklahoma

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    On August 22, 2024, the Oklahoma Insurance Department (OID) issued Bulletin No. 2024-07, notifying insurers of rule changes and requiring certain insurers to file a Market Survey Attestation.

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    Oklahoma Enacts Rule 365:15-1-26

    Aug 16, 2024 / by AAIS posted in Compliance, Oklahoma

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    Oklahoma has enacted Rule 365:15-1-26, requiring insurers to conduct a market survey of the prices charged by certain repair facilities to establish a competitive price for motor vehicle repairs. The surveys should be updated sufficiently to reflect current market conditions. Upon request from the Department, insurers must provide copies of the surveys within 20 days.

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    Oklahoma Enacts Senate Bill 542

    Jul 2, 2024 / by AAIS posted in Compliance, Oklahoma

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    Oklahoma recently enacted Senate Bill 542. Among other provisions, this Bill requires insurers under the jurisdiction of the Insurance Commissioner to keep any contact information deemed necessary on file with the Insurance Department. The contact information must be kept current and submitted electronically in the way prescribed. Any change in contact information should be submitted within 20 days of the change. The Bill goes into effect on November 1, 2024.

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