Oklahoma Insurance Department Recognized as ICCIE Trained Organization at Captive Insurance Conference

For Immediate Release:
May 9, 2024

Oklahoma Insurance Department Recognized as ICCIE Trained Organization at Captive Insurance Conference

 

OKLAHOMA CITY – The International Center for Captive Insurance Education (ICCIE) recognized the Oklahoma Insurance Department (OID) as an ICCIE Trained Organization at the 2024 Western Region Captive Insurance Conference (WRCIC) in Tulsa, further signifying the agency’s commitment to making Oklahoma a desired domicile for captive insurance companies and service providers.

“We’re honored to receive this designation,” said Insurance Commissioner Glen Mulready. “Being an ICCIE Trained Organization reaffirms our team’s dedication to providing quality service to our thriving captive industry.”

According to ICCIE, to qualify as an ICCIE Trained Organization, an organization must meet the following requirements:

  • At least 20% of the captive professionals in the organization must hold the Associate in Captive Insurance (ACI) in good standing; and
  • At least 30% of the company’s captive professionals must be ACIs, Certificate in Captive Insurance (CCI) holders, or currently enrolled in the ACI or CCI program.

“The Oklahoma Insurance Department is one of only five captive insurance domiciles in the world to be ICCIE Trained,” said Steve Kinion, director of the Oklahoma Insurance Department’s Captive Insurance Division. “This designation reflects Oklahoma’s professional regulatory environment.”

During 2023, OID issued 20 new captive licenses resulting in a net gain of 14 new captive insurers, representing a 31% net increase in licensed captive insurers for the year ending December 31, 2023. This brought Oklahoma’s total captive insurers to 59, reinforcing the state’s position as a thriving hub for captive insurance activities.

For more information about OID’s Captive Insurance Division, contact Steve Kinion, at 918-704-8136 or Steve.Kinion.CTR@oid.ok.gov.