Interlocals

Effective November 1, 2014, 36 O.S. 607.1 is amended to require only those Interlocal entities collecting or receiving premiums or contributions of any amount for any kind of insurance from Oklahoma educational institutions to file audited financial statements annually with the Insurance Commissioner.

Effective November 1, 2015, 36 O.S. 607.1 is amended to also require “Any entity subject to the provisions of subsection B of this section shall file with the Insurance Commissioner an actuarial opinion prepared by a qualified actuary within one hundred eighty (180) days immediately following the close of the Interlocal Entity’s fiscal year. The actuarial opinion should certify the amount and adequacy of the Interlocal Entity’s reserves for loss and loss adjustment expenses, including amounts for Incurred But Not Reported (IBNR) Claims, and the adequacy of the Interlocal Entity’s premiums. The actuarial opinion shall be consistent with the appropriate Actuarial Standards of Practice (ASOP) as promulgated by the Actuarial Standards Board. As used in this section, “qualified actuary” means an individual who is a member of the American Academy of Actuaries and who has met the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinions in the United States promulgated by the American Academy of Actuaries.”

Interlocals must file an audited financial statement with OID within 180 days after the end of their fiscal year. Failure to file a timely report may result in a $500 per day fine. Those statements are public and posted here.

The statement must include:

1. The report of an independent certified public accountant in accordance with accounting principles generally accepted in the United States of America;
2. A balance sheet reporting assets, liabilities and equity;
3. A statement of operations;
4. A statement of cash flows;
5. A statement of changes in assets, liabilities and equity; and
6. Footnotes to financial statements.

Interlocal Contact Form (Complete for new or amending Interlocal primary contact and mail, fax or e-mail to the OID at the contact shown below.)

Letter sent to each active interlocal on July 15, 2013 explaining their responsibilities

Letter to School Superintendent regarding Interlocal Agreements

Audited Financial Statements
Interlocal & Sponsoring Organization Date of Fiscal Year Date of Report
College Association of Liability Management (CALM) 2013 06/30/2013 12/19/2013
College Association of Liability Management (CALM) 2014 06/30/2014 12/19/2014
College Association of Liability Management (CALM) 2015 06/30/2015 12/1/2015
College Association of Liability Management (CALM) 2016 06/30/2016 12/19/2016
College Association of Liability Management (CALM) 2017 06/30/2017 12/28/2017
College Association of Liability Management (CALM) 2018 06/30/2018 12/26/2018
College Association of Liability Management (CALM) 2019 06/30/2019 12/26/2019
Oklahoma Municipal Assurance Group (OMAG) 2013 06/30/2013 12/17/2013
Oklahoma Municipal Assurance Group (OMAG) 2014 06/30/2014 11/26/2014
Oklahoma Municipal Assurance Group (OMAG) 2015 06/30/2015 12/28/2015
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2013 06/30/2013 12/16/2013
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2014 06/30/2014 12/19/2014
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2015 06/30/2015 11/12/2015
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2016 06/30/2016 12/07/2016
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2017 06/30/2017 12/12/2017
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2018 06/30/2018 12/31/2018
Oklahoma Public Employees Health & Welfare Plan (OPEHW) 2019 06/30/2019 12/31/2019
Oklahoma Schools Assurance Group (OSAG) 2013 06/30/2013 12/10/2013
Oklahoma Schools Assurance Group (OSAG) 2014 06/30/2014 12/03/2014
Oklahoma Schools Assurance Group (OSAG) 2015 06/30/2015 12/02/2015
Oklahoma Schools Assurance Group (OSAG) 2016 06/30/2016 12/07/2016
Oklahoma Schools Assurance Group (OSAG) 2017 06/30/2017 12/09/2017
Oklahoma Schools Assurance Group (OSAG) 2018 06/30/2018 12/06/2018
Oklahoma Schools Assurance Group (OSAG) 2019 06/30/2018 12/06/2018
Oklahoma Schools Insurance Group (OSIG) 2013 06/30/2013 11/07/2013
Oklahoma Schools Insurance Group (OSIG) 2014 06/30/2014 11/20/2014
Oklahoma Schools Insurance Group (OSIG) 2015 06/30/2015 12/16/2015
Oklahoma Schools Insurance Group (OSIG) 2016 06/30/2016 12/06/2016
Oklahoma Schools Insurance Group (OSIG) 2017 06/30/2017 12/18/2017
Oklahoma Schools Insurance Group (OSIG) 2018 06/30/2018 12/18/2018
Oklahoma Schools Insurance Group (OSIG) 2019 06/30/2019 12/18/2019
Oklahoma Schools Property and Casualty Cooperative (OSPCC) 2013 09/30/2013 03/20/2014
Oklahoma Schools Property and Casualty Cooperative (OSPCC) 2014 09/30/2014 03/27/2014
Oklahoma Schools Property and Casualty Cooperative (OSPCC) 2015 09/30/2015 03/24/2016
Oklahoma Schools Property and Casualty Cooperative (OSPCC) 2016 09/30/2016 12/30/2016
Oklahoma Schools Risk Management Trust (OSRMT) 2013 06/30/2013 12/17/2013
Oklahoma Schools Risk Management Trust (OSRMT) 2014 06/30/2014 12/29/2014
Oklahoma Schools Risk Management Trust (OSRMT) 2015 06/30/2015 12/28/2015
Oklahoma Schools Risk Management Trust (OSRMT) 2016 06/30/2016 12/28/2016
Oklahoma Schools Risk Management Trust (OSRMT) 2017 06/30/2017 12/26/2017
Oklahoma Schools Risk Management Trust (OSRMT) 2018 06/30/2018 12/28/2018
Oklahoma Schools Risk Management Trust (OSRMT) 2019 06/30/2019 12/28/2019
Contact Information

Liz Heigle

Phone: 405.522.0683
Toll Free: 800.522.0071

400 NE 50th St.
Oklahoma City, OK 73105

Email: liz.heigle@oid.ok.gov