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Government Affairs

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Government Affairs


OkPac is BIGiOK's state political action committee that provides financial support for state elected officials who will provide or have shown support of issues affecting the insurance industry and share our business philosophies.

"Why OKPac you may ask."

Examples of successes in the past few years. 

  • On a state level, we saw the passage of SB1249 – the Affidavit of Exempt Status form.  The was inadvertently left out of the 2014 workers compensation statute and we've been able to introduce and implement a new and improved version.
  • On a federal level, IIABA worked with the IRS for issued regulations of the tax code (Section 199A) for the 20% tax deduction for 'pass through entities' . The issue was that there was a question as to the definition of insurance agents and brokers as to whether they were “specified service trade or business" which would not be eligible for the deduction.  Happily, the draft regulations indicates that the IRS DOES NOT consider insurance agents or brokers to be in this category. 

Contributions to OkPac may only be made by individuals or partnerships, no donation can be accepted from corporations.


For more information about OKPac, contact BIGiOK at (405) 840-4426 or email info@bigiok.com




InsurPac is IIABA’s national political action committee that pools the voluntary and individual financial contributions of thousands of independent insurance agents to help elect candidates to Congress who share IIABA’s business philosophies. InsurPac is the largest property-casualty insurance industry PAC in the country.
Contributions to OkPac may only be made by individuals or partnerships, no donation can be accepted from corporations.

InsurPac
P.O. Drawer 18428
Oklahoma City, OK 73154-0428.


Two Pacs Form

For more information about InsurPac, contact BIGiOK at (405) 840-4426 or email info@bigiok.com