The Oklahoma Insurance Department (OID) Captive Insurance Division (CID) is actively seeking a new deputy commissioner of a captive insurance and a new senior captive analyst.
The CID’s growth is a response to the growth in Oklahoma’s captive market, which is due, in part, to the state’s effort to modernise captive regulation.
The deputy commissioner of captive insurance will be responsible for managing, promoting and providing policy guidance for the CID.
The position, which will report directly to the chief of staff, will also attend industry events and meetings, help to ensure that the CID operates efficiently and effectively, and provide insight and innovation Oklahoma remain an attractive domicile.
The senior captive analyst will be responsible for providing the captive industry with prompt decisions on regulatory issues and that captive activities remain aligned with regulatory protections.
James Mills, CID director, said the state has seen incredible growth since passing legislation to modernise their captive market in 2013.
Mills commented: “As a regulator, we always want to be at the forefront of what the industry is doing.”
“Adding these senior positions to our CID helps us ensure that Oklahoma continues to provide the responsive regulation that our captive partners expect.”