Oklahoma Insurance Department - Financial Division


Please Note

We are a service company that can help you file with the Oklahoma Insurance Department - Financial Division. We are not associated with this nor any other government agency. We offer paid services and software to help you file. You are not required to purchase our service to file - you may file directly with this agency without using our service.


Contact Information

Physical address:
5 Corporate Plaza
3625 N.W. 56th Street Ste. 100
Oklahoma City, OK 73112

Phone: (405) 521-3966

Web: Home Name search

Licenses

We track the following licenses with the Oklahoma Insurance Department - Financial Division in order to provide compliance services to our clients. As a client, you see this and other reference data in License Manager in-line with your licenses.

A laptop placed on a desk with our License Manager software on display

Oklahoma Professional Employer Organization Registration

Agency:Oklahoma Insurance Department - Financial Division
Law:

OK Stat. § 40-600.4

Foreign Qualification is Prerequisite:Yes
Financial Requirements:

Applicants must maintain either a minimum net worth of $50,000 or provide a bond or securities with a minimum market value of $50,000.

Bond Requirements:

Applicants that do not meet the net worth requirement must instead submit a bond or securities with a minimum market value of $50,000.

Fact Checked:6/10/21

Initial Registration

Filing Method:

Online

Agency Fee:

$500

Required Attachments:
  • Financials
    • A financial statement setting forth the financial condition of the PEO or PEO Group, as of a date not earlier than 180 days prior to the date submitted to the Commissioner, prepared in accordance with generally accepted accounting principles, and audited or reviewed by an independent certified public accountant licensed to practice in the jurisdiction in which such accountant is located.
    • Signed Independent Accountant's Report
    • CPA Quarterly Report
  • All business names (each name under which the PEO has operated in the preceding 5 years)
  • Statement of ownership (listing of name or names of individuals who own 25% or more of the equity interests of the PEO)
  • Statement of management (listing of any person who serves as president, CEO, or otherwise senior officer)
  • Verification of registration with the Oklahoma Secretary of State
  • Letter of Compliance from home State or designated home state
  • Biographical Affidavit(s)
  • Workers’ Compensation Questionnaire
Fact Checked:6/9/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually within 180 days after the end of the PEO's fiscal year.

Required Attachments:
  • Financials
    • A financial statement setting forth the financial condition of the PEO or PEO Group, as of a date not earlier than 180 days prior to the date submitted to the Commissioner, prepared in accordance with generally accepted accounting principles, and audited or reviewed by an independent certified public accountant licensed to practice in the jurisdiction in which such accountant is located.
    • Signed Independent Accountant's Report
    • CPA Quarterly Report
  • All business names (each name under which the PEO has operated in the preceding 5 years)
  • Statement of ownership (listing of name or names of individuals who own 25% or more of the equity interests of the PEO)
  • Statement of management (listing of any person who serves as president, CEO, or otherwise senior officer)
  • Verification of registration with the Oklahoma Secretary of State
  • Letter of Compliance from home State or designated home state
  • Biographical Affidavit(s)
  • Workers’ Compensation Questionnaire
Fact Checked:6/9/21

Financial Reporting
Payroll Tax Report

Filing Method:

Online

Agency Fee:

$0

Due:

Within 90 days after the end of each calendar quarter.

Law:

OK Stat. § 40-600.6

Notes:

PEOs must submit a statement by an independent certified public accountant that all applicable state payroll taxes for covered employees located in Oklahoma have been paid on a timely basis for that quarter.

Required Attachments:
  • A financial statement setting forth the financial condition of the PEO or PEO Group, as of a date not earlier than 180 days prior to the date submitted to the Commissioner, prepared in accordance with generally accepted accounting principles, and audited or reviewed by an independent certified public accountant licensed to practice in the jurisdiction in which such accountant is located.
  • CPA Quarterly Report
Fact Checked:6/24/21

Oklahoma Professional Employer Organization Registration - Exempt

Agency:Oklahoma Insurance Department - Financial Division
Law:

OK Stat. § 40-600.4

Foreign Qualification is Prerequisite:No
Notes:

PEOs are eligible for exemption if they:

  • Are domiciled outside of Oklahoma and are licensed or registered as a professional employer organization in another state that has the same or greater requirements as the Oklahoma Professional Employer Organization Recognition and Registration Act;
  • Do not maintain an office in Oklahoma or solicit in any manner clients located or domiciled within Oklahoma, and
  • Do not have more than 25 covered employees employed or domiciled in Oklahoma.
Registered Agent (Special Agency) Required?No
Fact Checked:6/24/21

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Required Attachments:
  • Verification you are licensed in home state or designated home state
  • CPA Quarterly Report
  • Workers’ Compensation Questionnaire
Fact Checked:6/9/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually within 180 days after the end of the PEO's fiscal year.

Required Attachments:
  • Verification you are licensed in home state or designated home state
  • CPA Quarterly Report
Fact Checked:6/9/21

Oklahoma Professional Employer Organization Registration - Group

Agency:Oklahoma Insurance Department - Financial Division
Law:

OK Stat. § 40-600.4

Foreign Qualification is Prerequisite:Yes
Financial Requirements:

Applicants must maintain a net worth of at least $50,000.

Bond Requirements:

Applicants that do not meet the net worth requirement must instead submit a bond or securities with a minimum market value of $50,000.

Registered Agent (Special Agency) Required?No
Fact Checked:6/10/21

Initial Registration

Filing Method:

Online

Agency Fee:

$500 per member

Required Attachments:
  • A financial statement setting forth the financial condition of the PEO or PEO Group, as of a date not earlier than 180 days prior to the date submitted to the Commissioner, prepared in accordance with generally accepted accounting principles, and audited or reviewed by an independent certified public accountant licensed to practice in the jurisdiction in which such accountant is located.
  • CPA Quarterly Report (per member)
  • All business names (each name under which the PEO has operated in the preceding 5 years)
  • Statement of ownership (listing of name or names of individuals who own 25% or more of the equity interests of the PEO)
  • Statement of management (listing of any person who serves as president, CEO, or otherwise senior officer)
  • Verification of registration with the Oklahoma Secretary of State (for each member)
  • Letter of Compliance from home State or designated home state (each member listed)
  • Biographical Affidavit(s)
  • Workers’ Compensation Questionnaire
Fact Checked:6/9/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$250 per member

Due:

Annually within 180 days after the end of the PEO's fiscal year.

Required Attachments:
  • A financial statement setting forth the financial condition of the PEO or PEO Group, as of a date not earlier than 180 days prior to the date submitted to the Commissioner, prepared in accordance with generally accepted accounting principles, and audited or reviewed by an independent certified public accountant licensed to practice in the jurisdiction in which such accountant is located.
  • CPA Quarterly Report (per member)
  • All business names (each name under which the PEO has operated in the preceding 5 years)
  • Statement of ownership (listing of name or names of individuals who own 25% or more of the equity interests of the PEO)
  • Statement of management (listing of any person who serves as president, CEO, or otherwise senior officer)
  • Letter of Compliance from home State or designated home state (each member listed)
Fact Checked:6/9/21

Financial Reporting
Payroll Tax Report

Filing Method:

Online

Agency Fee:

$0

Due:

Within 90 days after the end of each calendar quarter.

Law:

OK Stat. § 40-600.6

Notes:

PEOs must submit a statement by an independent certified public accountant that all applicable state payroll taxes for covered employees located in Oklahoma have been paid on a timely basis for that quarter.

Fact Checked:6/24/21

Related Government Agencies

Explore other Oklahoma government agencies we can help you stay compliant with:


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