Effective August 11, 2024 - Oklahoma added requirements for surplus lines brokers that they must electronically file information relating to quarterly and annual filings and tax payments through the electronic database designated by the Insurance Commissioner
- Filings must be accompanied by an attestation under penalty of perjury that the information submitted is true and correct.
- Policies or endorsements that are exempt from surplus lines premium taxes must be reported.
- All taxes dues on surplus line policies must be collected by the broker who procures the policy and remitted to the Insurance Commissioner quarterly by April 30, July 31, October 31, and January 31.
- A broker is not required to report business for a quarter during which no business was transacted, but must still file an annual tax report even if zero business was reported.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.