FAQs

Mid year servicing

Can we request an additional insureds?

The casualty policies issued by OSIG are designed to insure entities protected by the Oklahoma Governmental Tort Claims Act (“Act”). Entities to whom the Act does not apply do not gain the protections of the Act through inclusion in such a casualty policy. To include a third part as an additional insured on a casualty policy could expose OSIG to additional liability, against which OSIG is not designed to insure.

While requests by members for inclusion of third parties as additional insured will be denied, requests by members for a Certificate of Insurance to provide to third parties will be granted. Upon receipt of such a request, OSIG will furnish the member with a copy of the Declarations Page from the member’s casualty policy.

How do I request Loss Runs?

Contact your agent and they will initiate a Loss Runs request on your behalf.

How do I add a new vehicle and/or property?

Reach out to your agent, and they will initiate an endorsement request to add or remove a vehicle or property on your behalf.

I am loaning a bus to another school what should I do?

If both schools are covered by OSIG insurance, they are required to inform their respective agents to ensure that the information is relayed to OSIG. The necessary details include the Year, Make, Model, complete VIN number, and the Actual Cash Value (ACV).

I need an NAIC number for the tag agency what should I use?

You may use the code 10020 as it corresponds to the reinsurance code of United Educators.

Can we add a 10 passenger van on the vehicle schedule?

While OSIG has safety concerns about vans with 10+ passenger capacity, we will provide coverage. Oklahoma’s regulations apply, and we will inquire on compliance, including markings and safety standards. Vans with 10+ passengers must meet all applicable Federal Motor Vehicle Safety Standards (FMVSS) for school buses, even with a seat row removed – indicated by a sticker placed inside the vehicle’s door.

Renewal

Can I change agents?

Certainly, you have the option to switch agents. To facilitate this change, we need to have a Broker Agreement on record for the new agent you intend to switch to.

When do we get quotes?

Typically, we begin issuing quotes in early May

When is the submission deadline?

We ask that you submit all pages of the renewal information by mid April.

Do we offer builders risk?

Yes. Builders Risk projects under 2.5M can be added and any additional premium will be waived. Builders Risk projects over 2.5M will be charged at the standard rate.

Do you offer payment plans?

We accept both full payment and offer the option of a three (3) payment plan as well.

Can I submit a property/auto endorsement request after I have completed the renewal application?

Yes, just notify us of the change and we can update the schedule before releasing the renewal proposal.

Membership

How does OSIG differ from a traditional insurance provider?

OSIG is non-profit public entity formed by an Interlocal Agreement among Oklahoma’s public school districts. Owned and guided by an active superintendent board, our focus is firsthand knowledge of state school challenges. We’re dedicated to quality coverage and service for our members, at competitive rates.

What are the benefits of being part of OSIG rather than buying traditional insurance?

OSIG is dedicated to provide cost-effective coverage, all the while safeguarding the financial robustness our members depend upon. The outcome? Over 98 percent of OSIG’s members renew their membership each year.

Does OSIG have the financial strength to protect members and pay claims?

OSIG’s financial position is excellent. With consistent underwriting practices, a strong reinsurance program, and favorable investment outcomes, OSIG stands unrivaled in its financial strength across diverse market scenarios. Our financial statements and audit reports are made available to the public, assuring our members that OSIG will reliably continue to be here to deliver the benefits promised in our coverage agreements.

Are there additional benefits to the OSIG membership, such as training, education, and resources?

Absolutely. OSIG is committed to creating opportunities for members to mitigate risk by providing an array of no-cost value-added services to enhance member benefits. Including Vector Solutions, STOPiT Solutions, Beazley and HSB. (Make these link to “Our Services” page.