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ReSource Pro Compliance | Insurance Licensing Services

ReSource Pro Compliance | Insurance Licensing Services

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Home » Bulletins » Oklahoma Shares Workers’ Compensation Residual Market

Oklahoma Shares Workers’ Compensation Residual Market

OK | The Oklahoma Insurance Department (Department) is releasing this bulletin to inform all workers’ compensation insurers of the changes made to 36 O.S. 2021, Section 995, effectuated by Senate Bill 524.  Effective November 1, 2022, Senate Bill 524 directs the Department to administer and develop an assigned risk plan to provide workers’ compensation insurance coverage to employers who are unable to procure coverage in the voluntary market. 

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