CAPTIVE INSURANCE IN OKLAHOMA
Welcome to the Oklahoma Captive Insurance Association (OCIA,) a premier destination for captive insurance solutions. Founded in 2012 and recently revitalized in 2023, we have established ourselves as a trusted, emerging authority in the industry. When it comes to selecting a captive domicile, we understand that you have numerous options.
Why Oklahoma Stands Out From The Rest:
A Commitment to Success: Commissioner Mulready and the dedicated team at the Oklahoma Insurance Department’s Captive Division are wholeheartedly devoted to ensuring the success of captives in Oklahoma. With their expertise and support, you can be confident in your decision to domicile here.
Service and Open Communication: At OCIA, our core values revolve around exceptional service and open communication. We prioritize your needs, providing personalized attention and fostering strong relationships within our association.
Progressive Captive Legislation: Oklahoma boasts progressive captive legislation that is continuously evolving based on the valuable input of captive owners and service providers like you. We strive to stay ahead of industry trends, offering a regulatory environment that supports your business objectives.
Competitive Fee Structure: We understand the importance of financial considerations. That’s why Oklahoma offers a highly competitive fee structure for captives. You can maximize your operational efficiency while enjoying cost advantages.
HISTORY OF OKLAHOMA CAPTIVES AND ECONOMIC ADVANTAGES
Oklahoma has a rich history in the captive insurance industry. Over the years, our state has embraced the potential of captives, leading to the establishment of OCIA. By leveraging this experience, we have cultivated an environment that combines economic advantages with a supportive political climate.
Economic Advantages: Oklahoma’s thriving economy and favorable business climate make it an ideal choice for captive formation. Our state provides stability, opportunities for growth, and a favorable regulatory landscape that promotes captive success.
Political Climate: With a deep understanding of the insurance industry, Commissioner Mulready ensures that our statutes and regulations align with the evolving needs of the captive insurance sector. By maintaining stability and encouraging innovation, Oklahoma remains a preferred domicile for captives.