Responsibilities
OID is responsible for regulating and reviewing all insurance companies within Oklahoma to make sure they are solvent and comply with all insurance laws and regulations. The Department also educates consumers about insurance by publishing information and rate guides on all kinds of insurance coverage. It also is responsible for helping consumers when they have disputes with insurance companies.
One of the chief duties of the Department is to register and license agents who sell insurance products. The Department also requires agents to meet ongoing continuing education requirements. Other professions regulated by the Department include bail bondsmen, real estate appraisers, funeral directors, and insurance adjusters.
Read more about this topic: Oklahoma Department Of Insurance