OK Insurance Department Notice (2025)
Special Notice of Written Comment Period Re: CompSource Mutual Insurance Company Conversion from Mutual Insurer to Stock Insurer
SPECIAL NOTICE OF WRITTEN COMMENT PERIOD
TO:
All Property and Casualty Insurers
RE:
CompSource Mutual Insurance Company Conversion from Mutual Insurer to
Stock Insurer
FROM:
Glen Mulready, Insurance Commissioner
DATE:
August 29, 2025
PURPOSE OF THIS NOTICE
The Oklahoma Insurance Department has received an application from CompSource Mutual
Insurance Company to convert from a mutual insurer to a stock insurer. Commissioner Glen
Mulready held a public comment hearing on August 28th, 2025, at 1:00 p.m. at the
Oklahoma State Capitol Building, 2300 N. Lincoln Blvd., 1st floor, East side Multipurpose
room 100 A/B, Oklahoma City, Oklahoma 73105. The purpose of the comment hearing was to
receive public comments on whether CompSource Mutual Insurance Company’s Plan of
Reorganization (the “Plan”) should be approved. At the hearing, the written comment period was
extended. The written comment period is hereby extended for 10 days after the verbal comment
hearing, until September 12, 2025. Written comments should be submitted electronically to
OIDLegal@oid.ok.gov or hard copy to Oklahoma Insurance Department, Attn: Legal Division,
400 N.E. 50th St., Oklahoma City, Oklahoma 73150. Additional information, including the Plan,
may
be
found
here:
https://www.oid.ok.gov/wp-content/uploads/2025/08/25-0697-TRN-
CompSource-Mutual-IC_Notice-of-Hearing_with-Attachments-v2.pdf.