{"id":20868,"date":"2023-10-20T15:11:10","date_gmt":"2023-10-20T15:11:10","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=745096"},"modified":"2023-10-20T15:11:10","modified_gmt":"2023-10-20T15:11:10","slug":"oklahoma-captive-program-reports-25-net-gain-of-captive-insurers-in-2023","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/10\/20\/oklahoma-captive-program-reports-25-net-gain-of-captive-insurers-in-2023\/","title":{"rendered":"Oklahoma Captive Program Reports 25% Net Gain of Captive Insurers in 2023"},"content":{"rendered":"<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/southcentral\/2023\/10\/20\/745096.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/southcentral\/2023\/10\/20\/745096.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>The Oklahoma Insurance Department\u2019s Captive Insurance Division reported a 25% net gain in captive insurers for 2023.<\/p>\n<p>As of September 30, the state has licensed 11 new captive insurers for the year. There are 55 actively licensed captive insurers, along with one dormant captive insurer.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"carriers\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>Oklahoma\u2019s captive insurance program has 30 pure captive insurers, one association captive insurer, 15 special purpose captive insurers, two sponsored captive insurers, four entity protected (incorporated) cells, one protected cell, and two series captive insurers, the insurance department said.<\/p>\n<p>In 2022 Oklahoma saw captive insurers generate $297 million in direct and assumed premium, up 39% from 2021.<\/p>\n<figure id=\"attachment_504623\" aria-describedby=\"caption-attachment-504623\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2018\/10\/Mulready_Glen.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-504623\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2018\/10\/Mulready_Glen-240x300.jpg\" alt=\"Glen Mulready\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2018\/10\/Mulready_Glen-240x300.jpg 240w, https:\/\/www.insurancejournal.com\/app\/uploads\/2018\/10\/Mulready_Glen-768x960.jpg 768w, https:\/\/www.insurancejournal.com\/app\/uploads\/2018\/10\/Mulready_Glen-464x580.jpg 464w\" sizes=\"(max-width: 240px) 100vw, 240px\"><\/a><figcaption id=\"caption-attachment-504623\" class=\"wp-caption-text\">Oklahoma Insurance Commissioner Glen Mulready<\/figcaption><\/figure>\n<p>Oklahoma Insurance Commissioner Glen Mulready said the state has emerged as a principal voice of advocacy and leadership for captive insurance.<\/p>\n<p>\u201cWhile I am very pleased with the level of captive growth, I am equally aware of Oklahoma\u2019s prominent role in the captive insurance industry,\u201d Mulready said. \u201cWhether it involves submitting written comments to the Internal Revenue Service or providing verbal comments at an IRS hearing, Oklahoma consistently takes a decisive stance.\u201d<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/carriers\/\" class=\"btn btn-sm btn-primary tagtag\">Carriers<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/oklahoma\/\" class=\"btn btn-sm btn-primary tagtag\">Oklahoma<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"745096\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Carriers<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments The Oklahoma Insurance Department\u2019s Captive Insurance Division reported a 25% net gain in captive insurers for 2023. As of September 30, the state has licensed 11 new captive insurers for the&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20869,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[345,1,346,77],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/10\/oklahoma-captive-program-reports-25-net-gain-of-captive-insurers-in-2023.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20868"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20868"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20869"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}