The Oklahoma Department of Insurance issued a bulletin reminding workers’ compensation insurance adjusters they must be licensed to operate in the state. Licensed workers’ comp claims adjusters also must complete six hours of ethics continuing education as part of the 24 hours of CE requirement. Both requirements are effective Nov. 1, 2010.
Insurers are required to verify that their resident or non-resident adjusters have satisfied the requirements.
Self insured organizations are exempt from the new requirement because self insurance does not involve a contract between an insurance company and an employer, it is not subject to state insurance regulation; therefore, an adjuster employed by a self-insured corporation is not required to be licensed by the Oklahoma Insurance Department.
OK Insurance Department Bulletin: http://www.ok.gov/oid/documents/workers’%20comp%20CE%20notice.pdf