--- title: "Directors and Officers (D&O) Insurance in Oklahoma" description: "See how Oklahoma's corporate indemnification and insurance statutes affect the D&O policy questions you should ask." canonical: "https://spot.insure/coverage/directors-officers/oklahoma" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/directors-officers/oklahoma) # Directors and Officers (D&O) Insurance in Oklahoma Oklahoma’s 2024 amendment to the General Corporation Act expressly permits corporations to use captive insurance for directors-and-officers liability, subject to statutory safeguards. These provisions govern Oklahoma general business corporations; confirm the insured entity’s legal form and formation jurisdiction before treating the rules as applicable.[^1] **Coverage:** [Directors and officers](/coverage/directors-officers) · [Oklahoma](/coverage/states/oklahoma) ## What Is Directors And Officers? D&O insurance can help pay covered defense costs and losses from claims against company leaders over management decisions. If your organization has a board or executives, check whether the company itself is insured and whether legal bills reduce the limit. [Read the national Directors and officers guide](/coverage/directors-officers). ## What to Watch for in Oklahoma ### Captive Policy Safeguards Since November 1, 2024, § 1031 permits a corporation to form a captive for D&O coverage, with required terms addressing final nonappealable findings of unlawful personal profit or deliberate criminal or fraudulent acts, non-imputation among insureds, and independent claims administration or the statutory approval route for current director or officer claims. Ask whether any captive or self-insured layer is involved and request its actual wording.[^1][^2] ### Derivative Indemnity Has a Narrower Limit The amended § 1031 retains a separate rule limiting corporate indemnification in a derivative proceeding to reasonable expenses, subject to court authority. Ask the broker to map derivative claims, settlements, and defense advancement to the policy without assuming statutory indemnity is available.[^1] ### Who Handles Captive Claims For current director and officer claims under a captive, amended § 1031 specifies use of an independent claims administrator or the statute’s case-specific indemnification process; derivative settlements also carry a shareholder-notice condition when notice is required. Ask who will make coverage and payment decisions before the first claim arrives.[^1] ## Who Regulates Insurance in Oklahoma **Oklahoma Insurance Department.** OID's Licensing Division oversees new and renewed producer, adjuster, and business-entity licenses. Its consumer assistance process takes insurance complaints and requests for help; the licensee lookup displays license status and expiration.[^3][^4][^5] - [Regulator website](https://www.oid.ok.gov/) - [License lookup](https://www.oid.ok.gov/licensing-and-education/licensee-look-up/) - [File a complaint](https://www.oid.ok.gov/consumers/file-an-online-complaint/) ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 6% of premium and fees, plus 0.175% SLAS transaction fee For Oklahoma-home-state placements, OID says the 6% surplus-lines tax base includes premium and fees; SLIP also bills a 0.175% SLAS transaction fee. Oklahoma law requires a policy notice that surplus-lines coverage has no guaranty-association protection, so ask your broker to itemize the tax and transaction fee.[^6][^7][^8] ## Providers With Documented State Licenses These providers publish a national listing for Directors and officers; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm that the product is available in Oklahoma; [check the regulator’s license lookup](https://www.oid.ok.gov/licensing-and-education/licensee-look-up/) and confirm state availability for your business when requesting a quote. - [Coalition](/insurance-providers/coalition) — **Entity:** Coalition Insurance Solutions, Inc.; **role:** Insurance producer, Surplus-lines broker; **checked:** 2026-09-28. **Scope:** Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only.[^10] - [Corgi](/insurance-providers/corgi) — **Entity:** Corgi Insurance Services, Inc.; **role:** Insurance producer; **checked:** 2026-09-28. **Scope:** Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability.[^11] - [TechInsurance](/insurance-providers/techinsurance) — **Entity:** Specialty Program Group LLC; **role:** Insurance producer; **checked:** 2026-09-28. **Scope:** TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map.[^14] - [Vouch](/insurance-providers/vouch) — **Entity:** Vouch Specialty Insurance Services, LLC; **role:** Insurance producer, Surplus-lines broker; **checked:** 2026-09-28. **Scope:** Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability.[^15] ## Questions to Ask Before You Buy in Oklahoma 1. If any D&O layer is captive or self-insured, can you show the required Oklahoma § 1031 terms on non-imputation, claim administration, and excluded final adjudications? 2. How does the policy treat a derivative claim when corporate indemnification is limited to reasonable expenses? 3. For a securities subpoena or investigation in Oklahoma, what event triggers notice and which policy section responds? 4. Which insureds are Oklahoma corporations, LLCs, nonprofits, or foreign entities, and what law applies to each? ## Directors And Officers in Oklahoma: FAQ ### Did Oklahoma change its D&O captive rules in 2024? Yes. SB 620 took effect November 1, 2024 and amended 18 O.S. § 1031 to authorize captive D&O coverage subject to specified safeguards. That authority does not establish that a captive policy covers a particular loss.[^1][^2] ### Does Oklahoma law guarantee indemnification for derivative claims? No. Under amended 18 O.S. § 1031(B), a corporation’s indemnification in a derivative proceeding is limited to reasonable expenses, with statutory conditions. Ask how the policy handles defense costs and any settlement approval requirements.[^1] ## Directors And Officers in Other States - [Alabama](/coverage/directors-officers/alabama) - [Alaska](/coverage/directors-officers/alaska) - [Arizona](/coverage/directors-officers/arizona) - [Arkansas](/coverage/directors-officers/arkansas) - [California](/coverage/directors-officers/california) - [Colorado](/coverage/directors-officers/colorado) - [Connecticut](/coverage/directors-officers/connecticut) - [Delaware](/coverage/directors-officers/delaware) - [District of Columbia](/coverage/directors-officers/district-of-columbia) - [Florida](/coverage/directors-officers/florida) - [Georgia](/coverage/directors-officers/georgia) - [Hawaii](/coverage/directors-officers/hawaii) - [Idaho](/coverage/directors-officers/idaho) - [Illinois](/coverage/directors-officers/illinois) - [Indiana](/coverage/directors-officers/indiana) - [Iowa](/coverage/directors-officers/iowa) - [Kansas](/coverage/directors-officers/kansas) - [Kentucky](/coverage/directors-officers/kentucky) - [Louisiana](/coverage/directors-officers/louisiana) - [Maine](/coverage/directors-officers/maine) - [Maryland](/coverage/directors-officers/maryland) - [Massachusetts](/coverage/directors-officers/massachusetts) - [Michigan](/coverage/directors-officers/michigan) - [Minnesota](/coverage/directors-officers/minnesota) - [Mississippi](/coverage/directors-officers/mississippi) - [Missouri](/coverage/directors-officers/missouri) - [Montana](/coverage/directors-officers/montana) - [Nebraska](/coverage/directors-officers/nebraska) - [Nevada](/coverage/directors-officers/nevada) - [New Hampshire](/coverage/directors-officers/new-hampshire) - [New Jersey](/coverage/directors-officers/new-jersey) - [New Mexico](/coverage/directors-officers/new-mexico) - [New York](/coverage/directors-officers/new-york) - [North Carolina](/coverage/directors-officers/north-carolina) - [North Dakota](/coverage/directors-officers/north-dakota) - [Ohio](/coverage/directors-officers/ohio) - [Oregon](/coverage/directors-officers/oregon) - [Pennsylvania](/coverage/directors-officers/pennsylvania) - [Rhode Island](/coverage/directors-officers/rhode-island) - [South Carolina](/coverage/directors-officers/south-carolina) - [South Dakota](/coverage/directors-officers/south-dakota) - [Tennessee](/coverage/directors-officers/tennessee) - [Texas](/coverage/directors-officers/texas) - [Utah](/coverage/directors-officers/utah) - [Vermont](/coverage/directors-officers/vermont) - [Virginia](/coverage/directors-officers/virginia) - [Washington](/coverage/directors-officers/washington) - [West Virginia](/coverage/directors-officers/west-virginia) - [Wisconsin](/coverage/directors-officers/wisconsin) - [Wyoming](/coverage/directors-officers/wyoming) [Other Coverage in Oklahoma](/coverage/states/oklahoma) ## Sources [^1]: [Oklahoma Enrolled Senate Bill 620 (2024)](https://www.oklegislature.gov/cf_pdf/2023-24%20ENR/SB/SB620%20ENR.PDF) — Oklahoma Legislature; § 17, amended 18 O.S. § 1031(A)–(G), especially (G): captive D&O insurance safeguards. Accessed 2026-09-28. [^2]: [2024 Oklahoma Statute and Rule Changes](https://www.oid.ok.gov/wp-content/uploads/2024/06/240625_Statute-and-Rule-Changes.pdf) — Oklahoma Insurance Department; SB 620 summary and effective date: November 1, 2024. Accessed 2026-09-28. [^3]: [oklahoma insurance regulator](https://www.oid.ok.gov/) — State insurance regulator; OID identifies its licensing division's licensing and education responsibilities and consumer-assistance links.. Accessed 2026-09-28. [^4]: [OID Licensee Look Up](https://www.oid.ok.gov/licensing-and-education/licensee-look-up/) — State insurance regulator; Instructions: choose Oklahoma, LICENSEE, and individual or business entity; search status, expiration, appointments, and license details.. Accessed 2026-09-28. [^5]: [OID File an Online Complaint](https://www.oid.ok.gov/consumers/file-an-online-complaint/) — State insurance regulator; Official online Request for Assistance/complaint filing instructions and submission form.. Accessed 2026-09-28. [^6]: [Financial FAQs](https://www.oid.ok.gov/regulated-entities/financial/financial-faqs/) — Oklahoma Insurance Department; Current OID FAQ states the surplus-lines tax is 6% of premium plus policy fees; quarterly remittance.. Accessed 2026-09-28. [^7]: [Bulletin No. 12-2023](https://www.oid.ok.gov/bulletin-no-12-2023/) — Oklahoma Insurance Department; For policies and endorsements effective on or after Jan. 1, 2024: 6% surplus-lines tax plus 0.175% SLAS transaction fee, paid through SLIP.. Accessed 2026-09-28. [^8]: [Oklahoma Statutes, Title 36 §1109](https://oksenate.gov/sites/default/files/2019-12/os36.pdf) — Oklahoma Senate; Policy must carry bold declaration-page notice that surplus-lines contracts are not subject to any guaranty association protection in liquidation or receivership.. Accessed 2026-09-28. [^9]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^10]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^11]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^12]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^13]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^14]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^15]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). 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