INSURANCE OKLAHOMA DEPARTMENT 103RD ANNUAL REPORT DIRECTORY OF INSURANCE AND RELATED COMPANIES KIM HOLLAND, INSURANCE COMMISSIONER OKLAHOMA INSURANCE DEPARTMENT | 800.522.0071 | 405.521.2828 | WWW.OID.OK.GOV TThehe HHonorableonorable BBradrad HHenry,enry, GGovernorovernor ooff OOklahomaklahoma TThehe HHonorableonorable GGlennlenn CCoffee,offee, PPresidentresident PProro TTemporeempore ooff tthehe SSenateenate TThehe HHonorableonorable CChrishris BBenge,enge, SSpeakerpeaker ooff tthehe HHouseouse TThehe HHonorableonorable SSteveteve BBurrage,urrage, SStatetate AAuditoruditor aandnd IInspectornspector I am pleased to present to you the 2009 Annual Report of the Oklahoma Insurance Department. This report is established by the provisions of Oklahoma Statutes Title 36 § 307 and summarizes the activities of the Oklahoma Insurance Department through the period ending Dec. 31, 2009. In addition to the required financial disclosures and listing of companies operating in Oklahoma, this report highlights the work of the Oklahoma Insurance Department on behalf of Oklahoma taxpayers. Sincerely yours, Kim Holland Oklahoma Insurance Commissioner The Oklahoma Insurance Department is part of our commitment to the citizens of accredited by the National Association of Oklahoma. Accreditation standards enable Insurance Commissioners (NAIC). To achieve us to provide expanded consumer protections this accreditation, the Department must meet and to institute and maintain the highest stringent national standards that demonstrate standards in financial regulation. NAIC it effectively regulates insurance companies for repeats the accreditation review every five solvency. years to confirm that the Oklahoma Insurance Commissioner Holland and the staff of the Department continues to meet all requirements. Oklahoma Insurance Department view The Department was most recently accredited accreditation by the NAIC as an important in December 2004. OKLAHOMA INSURANCE DEPARTMENT 103RD ANNUAL REPORT AND DIRECTORY 1 TTableable ofof ContentsContents About Commissioner Holland ...........................................................................................................................................................................................................3 Oklahoma Insurance Department Divisions and Programs..............................................................................................................4 Helpful Contact Information .................................................................................................................................................................................................................7 OID by the Numbers ......................................................................................................................................................................................................................................8 OID Receipts, Revenue Distribution and Expenditures .............................................................................................................................9 Helpful Insurance Terms and Definitions ......................................................................................................................................................................10 CCompanyompany LListingsistings Licensed Insurance Companies ..................................................................................................................................................................................................11 Other Regulated Entities Definitions ..............................................................................................................................................................................101 Accredited Reinsurers .........................................................................................................................................................................................................................102 Discount Medical Plan Organizations ....................................................................................................................................................................103 Motor Service Clubs ............................................................................................................................................................................................................................104 Multiple Employer Welfare Arrangements ......................................................................................................................................................105 Pre-Paid Funeral Benefits Permit Holders ...........................................................................................................................................................106 Professional Employer Organizations ........................................................................................................................................................................120 Purchasing Groups .....................................................................................................................................................................................................................................124 Risk Retention Groups ........................................................................................................................................................................................................................134 Service Warranty Associations ............................................................................................................................................................................................138 Surplus Lines .........................................................................................................................................................................................................................................................141 Third Party Administrators .............................................................................................................................................................................................................148 Vehicle Protection Products ........................................................................................................................................................................................................159 Viatical Settlement Providers and Brokers ........................................................................................................................................................160 MMarketarket SSharehare RReportseports Life, Accident and Health Lines of Business .....................................................................................................................................................162 Property and Casualty Lines of Business .............................................................................................................................................................163 Fraternal Lines of Business ...........................................................................................................................................................................................................164 Title Lines of Business ............................................................................................................................................................................................................................164 HMO, Non-Profit Organizations and Prepaid Dental Lines of Business ......................................................................................................................................................................................164 Life, Accident & Health Top Ten Companies .................................................................................................................................................165 Property & Casualty Top Ten Companies ........................................................................................................................................................171 Fraternal Top Ten Companies ...............................................................................................................................................................................................184 Title Top Ten Companies ................................................................................................................................................................................................................186 Health Top Ten Companies .........................................................................................................................................................................................................187 2 OKLAHOMA INSURANCE DEPARTMENT 103RD ANNUAL REPORT AND DIRECTORY KKimim HHollandolland IInsurancensurance CCommissionerommissioner Kim Holland is the first woman elected Insurance Commissioner in Oklahoma state history. Elected to office in 2006 after being appointed by Gov. Brad Henry in January 2005 to fill an unexpired term, Holland has restored the integrity of the Insurance Department, bringing honesty and a vision of a completely transparent Department. A business woman and active civic volunteer before becoming insurance commissioner, she has a proven track record of consumer advocacy over more than two decades