CompSource Oklahoma    

Board Membership and Purpose

CompSource Oklahoma (CSO), formerly known as the State Insurance Fund, was created by statute in 1933 as a means of providing workers’ compensation insurance coverage for those employers unable to find coverage elsewhere.  Although a statutory entity, CompSource Oklahoma received no appropriated money from the state and thus, the Oklahoma Supreme Court has held that funds held by CSO belong to CSO policyholders and not to the state. 

CSO is managed by a  Board of Managers.  The nine members of the Board are set by statute and consist of:

Commission Responsibilities

 The CSO Board of Managers is charged with numerous duties, including but not limited to: 

1. Appointing the President and Chief Executive Officer and General Counsel;
2. Approving actuarially sound insurance rates;
3. Retaining investment managers and directing investment of funds not handled by investment managers;
4. Developing and approving an annual investment plan for CSO;
5. Approving CSO’s administrative expenses;
6. Setting aside funds for an adequate surplus;
7. Declaring dividends, when appropriate; and
8. Ensuring adequacy of reserves.