Pharmacy Benefit Manager

The Oklahoma Insurance Department is responsible for enforcing the insurance-related laws of the state. We protect consumers by providing accurate, timely and informative insurance information. We promote a competitive marketplace and ensure solvency of the entities we regulate. Click the above buttons to find services related to the above regulated entities. Additional related information is available in the left column.

The Oklahoma Insurance Department also oversees several entities. Among these include the following:

Financial Division
  • Domestic and Foreign Insurance Companies
  • Health Maintenance Organizations
  • Dental Organizations
  • Risk Retention Groups
  • Surplus Lines Companies
  • Accredited Reinsurers
  • Certified Reinsurers
  • Captives

The Oklahoma Insurance Department also oversees several entities outside of insurance.  Among these include the following:

Regulated Industry Services
  • Risk Purchasing Groups
  • Pre-paid Funeral Trusts
  • Motor Service Clubs
  • Service Warranty Companies
  • Third Party Administrators
  • Professional Employer Organizations
  • Viatical Settlement Providers
  • Discount Medical Plan Organizations (DMPO)
  • Multiple Employer Welfare Associations (MEWA)
  • Home Service Contract Provider
  • Interlocals
  • Vehicle Protection Product Warranty Companies (VPP)
  • Cemetery Merchandise Trust
  • Charitable Gift Annuities
  • Perpetual Care Cemeteries
PBM Compliance and Enforcement Division
  • Pharmacy Benefit Managers

These entities are approved to transact business in Oklahoma within the guidelines of the Oklahoma insurance laws, rules and regulations. They are regulated to ensure that each will be able to meet its financial obligations to policyholders and creditors. Qualification is determined according to Title 36 of the Oklahoma Statues.