The Oklahoma Insurance Department has elected to establish NCCI's Workers Compensation Insurance Plan (WCIP or Plan) as the assigned risk plan to provide workers compensation insurance coverage to employers that are unable to procure coverage in the voluntary market.
NCCI's Workers Compensation Insurance Plan rules in Oklahoma are effective for:
- residual market policies only with effective dates on or after 12:01 a.m. on June 1, 2024, and
- subsequent renewal residual market policies, effective after 12:01 a.m. on June 1, 2024.
Applications can be submitted as early as 60 days before June 1, 2024.
The Plan rules are contained in NCCI's
Residual Market Manual for Workers Compensation and Employers Liability Insurance for Oklahoma.
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Residual Market Manual–Oklahoma (PDF) (eff. 06/01/2024)