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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.
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 ...
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
This page was last edited on 10 January 2022, at 15:09 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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 . Pursuant to the provisions of the Executive Branch Reform Act of 1986 , all executive branch agencies are organized under a Cabinet Secretary .
The Oklahoma Legislature meets in the Oklahoma State Capitol. The legislative branch is the branch of the Oklahoma state government that creates the laws of Oklahoma. The Oklahoma Legislature, which makes up the legislative branch, consists of two chambers: the Senate and the House of Representatives. The state legislature has the power to levy ...
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