Skip to Content

Oklahoma Property and Casualty Insurance Guaranty Association

We are a non-profit organization which performs its functions under a plan of operation established and approved under the Oklahoma Property and Casualty Insurance Guaranty Association Act enacted by the Oklahoma Legislature on June 27, 1980. The Association is managed and administered by a board of twelve directors whose members do business in Oklahoma. All insurers defined as member insurers are required to be members of the Association as a condition to transact insurance business in the State of Oklahoma.

The Association is allowed to pay only covered claims of an "insolvent insurer" which is defined by the Act as an insurer licensed by the Insurance Commissioner to transact insurance in this state either at the time the policy was issued or when the insured event occurred and determined to be insolvent and ordered liquidated by a court of competent jurisdiction. Thus, the State of Oklahoma requires both a declaration of insolvency and an order of liquidation.