Which entity issues written permission to extend an insurance binder beyond 90 days in Oklahoma?

The correct answer is the Oklahoma commissioner. In Oklahoma, the authority to extend an insurance binder beyond the standard duration of 90 days lies with the commissioner of insurance. This is in accordance with regulations that govern insurance practices in the state, aimed at ensuring that consumers are adequately protected and that the insurance market functions effectively.

While licensed insurers may issue insurance binders, their ability to extend these binders past the regulated time frame requires explicit permission from the Oklahoma commissioner. This oversight helps maintain compliance with state laws and ensures that the terms of insurance contracts are upheld in accordance with regulatory standards. The policyholder does not hold the authority to extend the binder unilaterally, and the legislature sets the framework but does not get involved in individual binder extensions.