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HomeLife InsuranceOklahoma Insurance Department to Hold Inaugural OK Captive Day

Oklahoma Insurance Department to Hold Inaugural OK Captive Day

The Oklahoma Insurance Department (OID) announced it will hold the inaugural OK Captive Day on Tuesday, August 20, 2024.

This event aims to educate key industries in Oklahoma about the Oklahoma Captive domicile and the benefits of a captive insurance company, OID said.

A captive insurance company is a type of self-insurance that provides coverage for the risks of a parent company or related entities. Recently, the number of captive insurance companies in Oklahoma has increased to an all-time high and continued future growth is projected for the state.

OK Captive Day presents an opportunity for prospective and current captive owners, risk managers, industry experts and regulators to connect, learn, and collaborate.

“The development of our captive insurance program has been one of my top priorities since taking office,” Oklahoma Insurance Commissioner Glen Mulready said. “During a hard-market, captives can be a key solution for many Oklahoma businesses, and we want to continue our momentum after adding more than $100 million in captive insurance premium over the past year.”

The event will be held at the Embassy Suites Oklahoma City Downtown Medical Center. Registration is limited to the first 250 participants.

Source: Oklahoma Insurance Department

Topics Oklahoma

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