Newspaper article THE JOURNAL RECORD

State Insurance Industry Group Oklahoma Surplus Lines Association Revived

Newspaper article THE JOURNAL RECORD

State Insurance Industry Group Oklahoma Surplus Lines Association Revived

Article excerpt

Revived by legislative need, the Oklahoma Surplus Lines Association now looks to spread its wings.

First formed in 1976, that insurance industry icon was one of many state and city organizations that survived by providing its membership base wide-ranging services, from legislative lobbying, continuing education and community missions to social mixers, career accolades and pleasure outings. But as budgets tightened and the industry consolidated through the '80s and '90s, social patterns changed, old-timers retired and the OSLA followed many other such chapters into oblivion.

Then Independent Insurance Agents of Oklahoma President and CEO Dan Ramsey saw a need for the OSLA's resources. Identifying Oklahoma legislative bills threatening to impact the excess and surplus lines, or E&S, subsector, in early 2010 he called Patrick Moran, marketing and sales director of the Tulsa office of Risk Placement Services Inc., and asked whether his fellow professionals would support a revived legislative watchdog.

"It was over the issue of how to apply surplus lines taxes to policies," said Moran. "Do you apply taxes to policy fees as well as to the premium, or do they just get applied to the premium?

"I know that's pretty mundane," he said with a smile. "It's not important. But believe me, that's millions of dollars at stake right there."

From various e-mail contacts through his office, which oversees RPS branches in Oklahoma City, Little Rock, Kansas City and Omaha, Moran garnered support to restart the OSLA under its old rules and bylaws. With annual dues of $200, the revitalized organization has 11 member agencies and one associate member, with Moran as president.

"I just took an informal poll of people," said Moran, who considered the investment well worth the money to keep an eye on the Legislature. …

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