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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.
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.
This is an incomplete list of Oklahoma state agencies. The state agencies make up the machinery of government for the state. All agencies are within one of the three branches of the government of Oklahoma .
Oklahoma Insurance Commissioner elections (4 P) Pages in category "Oklahoma Insurance Commissioners" The following 11 pages are in this category, out of 11 total.
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The Oklahoma Insurance Commissioner administers state laws dealing with insurance companies operating in Oklahoma. The commissioner audits insurance companies to make certain that they pay claims to their policyholders. Whenever an insurance company faces financial issues, courts usually appoints the commissioner to serve as a trustee. [30]