Life Insurance in Oklahoma

What is your zip code? Do you use tobacco? Yes No What is your date of birth? Month January February March April May June July August September October November December Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Year 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992

Oklahoma has one of the fastest growing economies in the nation as a major producer of natural gas, oil, and food. In 2006, it ranked third in per capita income growth and was a leader in gross domestic product growth. Nearly 60% of Oklahomans live in the metropolitan areas of Oklahoma City and Tulsa.

The life insurance industry is strong in Oklahoma. Twenty-one thousand people are employed by insurance-related businesses, 13,000 of which are in life insurance specifically. Oklahomans own life insurance policies that average 76,000 of coverage per policyholder. Group life insurance coverage totals $70 billion.

Oklahoma Offices Responsible for Life Insurance

Oklahoma's Insurance Department is part of their Department of Commerce. It provides information in both English and Spanish.

As an Oklahoma resident, if your insurance company has been declared insolvent, you may still be able to get your policies paid by contacting the Oklahoma Life & Health Insurance Guaranty Association, which was created by a statute in 1981. If a member company goes bankrupt, the association will meet its liabilities.

The legal statutes that regulate life insurance are defined in Oklahoma's Chapter36. These regulations cover every step in the life insurance process, from what companies are allowed to become licensed, to how they must conduct their business.

Contacting the Oklahoma Division of Insurance