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In 2013, Oklahoma Insurance Commissioner John Doak worked with the Oklahoma Legislature to complete a major revision of the state’s captive insurance law. The Oklahoma Insurance Department Captive Insurance Division works hard to ensure that Oklahoma is the domicile of choice through modernized laws and regulations, business-friendly requirements and forms, and fast, responsive staff.
Commissioner Doak knows what it takes to build and run a successful captive through his decades of experience working in the insurance industry. Under his leadership, the Captive Insurance Division pledges to process completed license applications within 30 days, and will answer any questions you have by phone or email within one business day.
Oklahoma’s captive law includes:
The Captive Insurance Division is committed to making sure the state’s statutes and regulations keep pace with the changing needs of the captive insurance industry, and Commissioner Doak is dedicated to providing regulation that is both innovative and stable.
To discuss the formation or redomestication of a captive insurer in Oklahoma, please contact James Mills, Director of Oklahoma Captives, at 918-295-3705 or James.Mills@oid.ok.gov.