Oklahoma - SLAS Notice - Filings and Payments: SLIP vs. OPTins

The SLAS has issued the following notice regarding Oklahoma Premium Tax Filings SLIP vs. OPTins.

All policies and endorsements on policies effective on or after January 1, 2024, should be reported to the Oklahoma Insurance Department using SLIP. On the first business day of each calendar quarter, all policies and endorsements reported in SLIP during the prior quarter will be totaled, and Oklahoma tax and SLAS transaction fee invoices will be delivered to the SLIP inbox. Please visit the Invoices and Payments page for the quarterly reporting and payment schedule.

Oklahoma agents can apply a premium tax credit in OPTins to an outstanding premium tax invoice in SLIP if the credit balance in OPTins exceeds taxes owed in SLIP. If the tax credit in OPTins does not exceed the tax amount due in SLIP, the premium taxes must be paid in full in SLIP and the Oklahoma Insurance Department will issue a full refund on credits submitted in OPTins. Tax credits cannot be carried forward with OPTins filings.

Please note that premium tax credits cannot be applied to the SLAS transaction fee. Transaction fees must be paid in full in SLIP via ACH or by check. For more information, please visit the Oklahoma Insurance Department Frequently Asked Questions.