Thursday, November 3, 2011

OID Gains Association Accreditation

National Harbor, Maryland ~ Insurance Commissioner John D. Doak said today that a major deficiency inherited by his administration in January has been corrected according to the national association that establishes and monitors the regulatory protocols of state insurance departments.

A financial committee of the National Association of Insurance Commissioners (NAIC) confirmed Wednesday afternoon that the Oklahoma Insurance Department had corrected deficiencies found in an inspection that took place before Doak assumed office.

A vote to approve the accreditation was held Wednesday during a gathering of NAIC’s Financial Regulation Standards and Accreditation Committee at the organization’s Fall National Meeting.

Share |