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The Oklahoma Insurance Department is charged with executing all laws relating to insurance and insurance companies doing business in the State. Oklahoma Insurance Commissioner Glen Mulready The current Insurance Commissioner is Glen Mulready who was elected in November 2018 and took the oath of office on January 14, 2019.
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 law is based on the Oklahoma Constitution (the state constitution), which defines how the statutes must be passed into law, and defines the limits of authority and basic law that the Oklahoma Statutes must comply with. Oklahoma Statutes are the codified, statutory laws of the state. There are currently has 90 titles though some titles ...
Oklahoma auto insurance laws also require insurance companies to offer uninsured/underinsured motorist coverage with minimum limits of $25,000/$50,000. However, this coverage can be rejected in ...
The strong mayor–council city is the third form of city government provided for in Oklahoma law. [37] The governing body of a strong mayor city consists of the mayor, who is elected at large, and one councilmember from each ward of the city. The mayor serves as an ex officio councilmember at large and presides over meetings of the council. As ...
Kirkland's order in June cited Oklahoma Statute 38, Sections 102 and 103, which says only that petitioners have 45 days "to obtain a sufficient number of signatures," and that failure to do so ...
The insurance tax is collected by the Oklahoma Insurance Department. While most of the insurance tax is deposited within the General Fund, the revenues also support the Insurance Department and provide revenues for the State's employee retirement systems. Insurance premium taxes account for approximately 2% of total state revenue.
How much is car insurance in Oklahoma?The average annual cost of car insurance in Oklahoma is $519 per year for minimum coverage and $2,585 per year for full coverage, which includes collision and ...