OK Insurance Department Notice (2025)

Special Notice of Written Comment Period Re: CompSource Mutual Insurance Company Conversion from Mutual Insurer to Stock Insurer

Year: 2025Length: 187 wordsOfficial source
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.
OK Insurance Department Notice (2025): Special Notice of Written Comment Period Re: CompSource Mutual Insurance Company Conversion from Mutual Insurer to Stock Insurer | Justis AI