Oklahoma City, Oklahoma 73105
For Immediate Release: February
Committee Approves Legislation to Make Insurance
Department a Non-Appropriated Agency
A measure to make the State Insurance Department a non-appropriated
agency passed the Senate Appropriations Committee Wednesday evening. Sen.
author of Senate Bill 1658, says his legislation will save the state money.
“It’s important that we’re as efficient with state dollars
as possible especially during hard economic times. Taking away appropriations
from certain agencies that are self-sufficient, like the Insurance Department,
makes good financial sense,” said Myers, vice chair of the committee.
“The state stands to save over $2.5 million in funding that could
be used for other essential state services like transportation, education
and public safety.”
Myers pointed out that both the State Banking Department and the State
Securities Commission were made into non-appropriated agencies several
years ago, and he’s filed legislation this year to do the same with
the Commission on Consumer Credit.
“Since 2005, the Oklahoma Insurance Department has been aggressive
in improving our efficiency through the implementation of new technology
and operational streamlining. Granting the Department non-appropriation
status is the next logical step in our process of becoming self-sufficient,”
said Insurance Commissioner Kim Holland. “Oklahoma, like the rest
of the country, is facing serious economic challenges.
We're determined to do our part to reduce the cost of government while
serving the public well.”
The bill, which was requested by the Insurance Department, will next be
considered by the full Senate.
For more information contact:
Sen. Myers: 405-521-5628