How much is the annual fee that employers must pay to notify the Oklahoma Insurance Department (OID)?

The correct answer, which indicates the annual fee that employers must pay to notify the Oklahoma Insurance Department (OID), is set at $1500. This fee is essential for maintaining the proper licensure and regulatory compliance for employers who provide workers' compensation insurance in Oklahoma. By paying this fee, employers ensure that they fulfill their legal obligations and maintain operational transparency with the OID, which oversees the administration and enforcement of workers' compensation laws in the state.

The specific amount is important for employers to budget for as part of their workers' compensation insurance costs. Awareness of this fee and its implications can aid employers in understanding their financial responsibilities related to workers' compensation coverage.