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The revenue for Oklahoma Insurance Department's budget is generated from the fees associated with the licenses. Since 2016, the OID has been non appropriated. According to the OID's 2018 Annual Report, the department's operations have produced $46.5 million to be given back to the State of Oklahoma budget for use by other state agencies.
Oklahoma auto insurance laws dictate that drivers must carry liability coverage that meets or exceeds 25/50/25 policy limits, meaning: $25,000 of bodily injury liability per person $50,000 of ...
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Insure Oklahoma also provides a way for individuals who participate in the Individual Plan to gain access to an affordable health care option. In April 2004, Senate Bill 1546 authorized the Oklahoma Health Care Authority to develop a program assisting employees of small businesses, 19 to 64 years of age with either:
Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.
Legal protection insurance (LPI), also known as legal expenses insurance (LEI) or simply legal insurance, is a particular class of insurance which facilitates access to law and justice by providing legal advice and covering the legal costs of a dispute, regardless of whether the case is brought by or against the policyholder.
1946– William N. Plymat [1] sent 10,000 letters to ministers and laymen asking their views on the idea of an insurance company that would insure only total abstainers from alcohol at lower rates than other carriers. The belief was that non-drinkers would be in fewer accidents than those that did drink.
This legislation removed all references to "stamps" or "coupons" from federal law, replacing them with "cards" or "EBT," thereby cementing the shift to electronic benefit delivery. The 2008 Farm Bill also addressed issues such as transaction fees and established programs to incentivize the purchase of healthy foods using SNAP benefits. [2]