{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-624","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-624","heading":"Report of premiums, fees and taxes - Payment - Penalties","body":"A. Every insurance company, copartnership, insurance\n\nassociation, interinsurance exchange, person, insurer, nonprofit\n\nhospital service and medical indemnity corporation, or health\n\nmaintenance organization doing business in this state in the\n\nexecution or exchange of contracts of insurance, indemnity or health\n\nmaintenance services, or as an insurance company of any nature or\n\ncharacter whatsoever, hereinafter referred to in this article as an\n\ninsurance company or company, shall annually, on or before the first\n\nday of March, report under oath of the president or secretary or\n\nother chief officer of such company to the Insurance Commissioner\n\nthe total amount of direct written premiums, membership,\n\napplication, policy and/or registration fees charged during the\n\npreceding calendar year, or since the last return of such direct\n\nwritten premiums, membership, application, policy and/or\n\nregistration fees was made by such company, from insurance of every\n\nkind upon persons or on the lives of persons resident in this state,\n\nor upon real and personal property located within this state, and/or\n\nupon any other risks insured within this state; provided, that with\n\nrespect to the tax payable annually, considerations received for\n\nannuity contracts and payments received by a health maintenance\n\norganization from the Secretary of Health and Human Services\n\npursuant to a contract issued under the provisions of 42 U.S.C.,\n\nSection 1395mm(g) shall no longer be deemed to be premiums for\n\ninsurance and shall no longer be subject to the tax imposed by this\n\nsection. Every such company shall, at the same time, pay to the\n\nInsurance Commissioner:\n\n1. An annual license fee as prescribed by Section 321 of this\n\ntitle; and\n\n2. An annual tax on all of the direct written premiums after\n\nall returned premiums are deducted, and on all membership,\n\napplication, policy and/or registration fees, installment and/or\n\nfinance fees or charges collected thereby, for the privileges of\n\nhaving written, continued and/or serviced insurance on lives,\n\nproperty and/or other risks in this state and of having made and\n\nserviced investments therein during the then expiring license year\n\nexcept premiums or fees paid by any county, city, town or school\n\ndistrict funds or by their duly constituted authorities performing a\n\npublic service organized pursuant to Sections 1001 through 1008 of\n\nTitle 74 of the Oklahoma Statutes, or Sections 176 through 180.4 of\n\nTitle 60 of the Oklahoma Statutes. Provided, no deduction shall be\n\nmade from premiums for dividends paid to policyholders. Except as\n\nset forth in this paragraph, the rate of taxation for all entities\n\nsubject to the tax shall be two and twenty-five one-hundredths\n\npercent (2.25%). If any insurance company or other entity liable\n\nfor the taxes levied pursuant to the provisions of this section\n\nfails to remit such taxes in a timely manner, it shall remain liable\n\ntherefor together with interest thereon at an annual rate equal to\n\nthe average United States Treasury Bill rate of the preceding\n\ncalendar year as certified by the State Treasurer on the first\n\nregular business day in January of each year, plus four percentage\n\npoints.\n\na. The rate of taxation for all life insurance policies\n\ninsuring the life of an employee or director for the\n\nbenefit of the employer or a trust sponsored by the\n\nemployer, which is purchased by the employer or trust\n\nsponsored by the employer for the benefit of its\n\nemployees, shall be computed for each policy at the\n\nrate of:\n\n(1) two and twenty-five one-hundredths percent\n\n(2.25%) of policy year premium up to One Hundred\n\nThousand Dollars ($100,000.00), and\nfit of the employer or a trust sponsored by the\n\nemployer, which is purchased by the employer or trust\n\nsponsored by the employer for the benefit of its\n\nemployees, shall be computed for each policy at the\n\nrate of:\n\n(1) two and twenty-five one-hundredths percent\n\n(2.25%) of policy year premium up to One Hundred\n\nThousand Dollars ($100,000.00), and\n\n(2) one-tenth of one percent (1/10 of 1%) of policy\n\nyear premium exceeding One Hundred Thousand\n\nDollars ($100,000.00).\n\nb. Premiums on which taxes are paid under division (2) of\n\nsubparagraph a of this paragraph are not subject to\n\nSection 628 of this title. The Commissioner shall\n\npromulgate rules regarding the sale of life insurance\n\npolicies subject to division (2) of subparagraph a of\n\nthis paragraph.\n\nc. Proceeds from the premium tax collected under this\n\nparagraph from contracted entities under the Ensuring\n\nAccess to Medicaid Act shall be deposited in the\n\nMedicaid Health Improvement Revolving Fund created in\n\nSection 1010.8A of Title 56 of the Oklahoma Statutes.\n\nNotwithstanding any other provision of law to the\n\ncontrary, the premium taxes to be deposited in the\n\nMedicaid Health Improvement Revolving Fund for the\n\ncalendar year ending December 31, 2024, and for each\n\ncalendar year thereafter, shall not be subject to the\n\napportionments provided in Section 312.1 of this\n\ntitle.\n\nB. For all insurance companies or other entities taxed pursuant\n\nto this section, the annual license fee and tax and all required\n\nmembership, application, policy, registration, and agent appointment\n\nfees shall be in lieu of all other state taxes or fees, except those\n\ntaxes and fees provided for in the Oklahoma Insurance Code, and the\n\ntaxes and fees of any subdivision or municipality of the state,\n\nexcept ad valorem taxes and the tax required to be paid pursuant to\n\nSection 50001 of Title 68 of the Oklahoma Statutes. Provided, such\n\nlicense fee, tax and membership, application, policy, registration,\n\nand appointment fees shall be in lieu of any and all ad valorem\n\ntaxes levied on intangible personal property. Any company, except\n\nhealth maintenance organizations, failing to make such returns and\n\npayments promptly and correctly shall forfeit and pay to the\n\nInsurance Commissioner, in addition to the amount of the taxes and\n\nfees and interest, the sum of Five Hundred Dollars ($500.00) or an\n\namount equal to one percent (1%) of the unpaid amount, whichever is\n\ngreater; and the company so failing or neglecting for sixty (60)\n\ndays shall thereafter be debarred from transacting any business of\n\ninsurance in this state until the taxes, fees and penalties are\n\nfully paid, and the Insurance Commissioner shall revoke the license\n\nor certificate of authority granted to the agent or agents of that\n\ncompany to transact business in this state. Provided, that when any\n\nsuch insurance company, copartnership, insurance association,\n\ninterinsurance exchange, person, insurer, or nonprofit hospital\n\nservice and indemnity corporation applies for the first time for a\n\nlicense to do business in this state, it shall, at the time of\n\nmaking such application, pay a license fee as prescribed by Section\n\n1435.23 of this title, and, on or before the first day of March,\n\nfollowing, pay the premium tax, membership, application, policy,\n\nregistration, and agent appointment fees, as hereinbefore provided.\n\nSuch license fee, tax and membership, application, policy,\n\nregistration, and appointment fees shall be in lieu of all other\n\nstate taxes or fees, except those taxes and fees provided for in the\n\nOklahoma Insurance Code, and the taxes and fees of any subdivision\n\nor municipality of the state, except ad valorem taxes and the tax\n\nrequired to be paid pursuant to Section 50001 of Title 68 of the\n\nOklahoma Statutes.\n\nC. Any health maintenance organization failing to file premium\nppointment fees shall be in lieu of all other\n\nstate taxes or fees, except those taxes and fees provided for in the\n\nOklahoma Insurance Code, and the taxes and fees of any subdivision\n\nor municipality of the state, except ad valorem taxes and the tax\n\nrequired to be paid pursuant to Section 50001 of Title 68 of the\n\nOklahoma Statutes.\n\nC. Any health maintenance organization failing to file premium\n\ntax returns and payments promptly and correctly shall forfeit and\n\npay to the Insurance Commissioner, in addition to the amount of the\n\ntaxes, the sum of Five Hundred Dollars ($500.00) or an amount equal\n\nto one percent (1%) of the unpaid amount, whichever is greater. Any\n\nhealth maintenance organization failing or neglecting to pay the tax\n\nand penalty shall be debarred from operating in this state and the\n\nInsurance Commissioner shall revoke the license of the health\n\nmaintenance organization, until such taxes and penalties are fully\n\npaid.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d8e7d8058cd4984ae282230bbc907d740a23cfacec9dc6ad4443bb388eabe4c0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6224","next":"us-ok/okla.-stat.-tit.-36-36-624.1"},"notice":"GroundRules: Original legal text. Not legal advice."}