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Oklahoma (OK)

 

Annuity Information

Oklahoma Insurance Department

The Oklahoma Insurance Department is responsible for enforcing the insurance-related laws of the state. They protect consumers by providing accurate, timely and informative insurance information. They promote a competitive marketplace and ensure solvency of the entities we regulate. They also license and educate insurance producers and adjusters.

Their Mission Statement is to protect and enhance the financial security of Oklahoma and Oklahomans.

 

 


John D. Doak, Insurance Commissioner of Oklahoma, graduated from the University of Oklahoma with a Bachelor of Arts in Political Science. Shortly after graduation, Doak opened a successful insurance business in Tulsa.  
As his career thrived, Doak worked in numerous roles within the insurance industry.  He served as an executive for several risk and insurance service companies including Marsh, Aon, HNI and Ascension.


Under Commissioner Doak’s leadership, each year the Oklahoma Insurance Department has operated under budget.  In the last four years, the Department has returned a total of $22.5 million in unspent funds to the state treasury and has generated more than $1 billion in revenue for the State of Oklahoma.


As an active member of the National Association of Insurance Commissioners, Doak is the Vice Chair of the Property and Casualty Insurance Committee, the Chair of the American Indian and Alaska Native Liaison Committee, and a member of the International Insurance Relations Committee.  Doak also shapes important national insurance policy issues as a member of the Government Relations Leadership Council.


Doak is committed to protecting all Oklahomans by his pledge to visit all 77 counties annually. During his visits, which he has done each year since taking office, he promotes public awareness of important insurance issues through education and community outreach.  

Oklahoma Annuity Resources: The OID Consumer Assistance's role is to assist with Consumer Assistance/Claims Division processes and investigates all complaints lodged by the public against insurance companies. This division also answers routine requests for information concerning insurance companies and policies.

 

Capital: Oklahoma City
State Commissioner: John D. Doak
Insurance Hotline: 1-(800)-522-0071.
Annuity Guarantee Limit: $300,000
Website: https://www.ok.gov/oid/
Guarantee Assoc: http://www.oklifega.org/
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