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OMMA is working with the Oklahoma Insurance Department (OID) to address bonds issued by Talisman Insurance Company and Talisman Surety & Fidelity Protected Cell, Inc. (Talisman). The OID has conditionally approved bonds issued by Talisman on or before Feb. 26, 2024. The bonds will retain authorization until the expiration of each bond's individual term. Licensees whose application has been rejected by OMMA due to this issue should resubmit their application with the original Talisman bond.
Please note that because Talisman is currently prohibited from issuing new bonds, this conditional approval only applies to bonds issued on or before Feb. 26, 2024. The OID is addressing the regulatory shortcomings Talisman exhibited throughout the process of issuing the bonds. Licensees with questions about the bond should contact their Talisman agent.
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