Visit the Portal to Pay
Payments made through the secure OAMIC Portal are fast and easy, and your account is available 24/7. Contact us at 405-471-5380 if you have any questions.
PAYMENT OPTIONS ON THE POLICY
Pay in Full
- Pay 100% of the premium upfront
- This option can be done online or by mailing a check.
Standard Installments
- Pay 20% of the premium as a down payment, and then four installments of 20% of the total premium every 60 days, starting 60 days after the effective date of the policy.
- This option can be done online or by mailing a check.
ACH (Bank Draft) Installments
- Pay 20% of the premium as a down payment, and then four installments of 20% of the total premium every 60 days will be withdrawn automatically from your bank account, starting 60 days after the effective date of the policy.
- This option can be done by mailing a check for the down payment and including a voided check to set up your ACH payments. These withdrawals are made automatically and on the schedule sent by OAMIC upon selection of this option.
PAYMENT OF POLICY CHANGES (ENDORSEMENTS)
For Policies Paid in Full
- For endorsements that increase a premium that was originally paid in full, the endorsement must be paid for in full at the time of the endorsement’s effective date.
- This can be done online or by mailing a check.
For Policies Paid by Installment
- For endorsements that increase a premium that is still being paid with installments, the cost of the endorsement will be divided equally among and added to the remaining installments that have not yet been invoiced.
- For endorsements that increase a premium after installments have been fully paid (either due to early payoff or completion of all scheduled installments), the endorsement must be paid for in full at the time of the endorsement’s effective date. This can be done online or by mailing a check.
For Policy Changes that Reduce Your Premium
- For endorsements that lower a premium that has been fully paid, either paid in full or whose installments have been completed, your pro rata return will be issued via refund check.
- For endorsements that lower a premium that is still being paid with installments, your pro rata will be divided equally among and deducted from the remaining installments that have not yet been invoiced. If the pro rata exceeds the remaining balance due, it will be applied to the remaining premium balance and the remainder will be issued via refund check.
PAYMENT OPTIONS ON EXTENDED REPORTING ENDORSEMENTS (ERE) / TAIL COVERAGE
Pay in Full
- Pay 100% of the premium upfront
- This can be done online or by mailing a check.
ERE Financing
- Pay the premium in 3 equal installment payments every year, starting on the effective date of the endorsement.
- This can be done via mail only (NOT online).
FREQUENTLY ASKED QUESTIONS
How long after I pay do I receive a policy?
Approximately 24 hours after your payment is received, we will issue your policy. You will receive an email notification stating your policy will be available online through the portal or mailed to you, depending on the preference indicated on your application.
Still Have Questions?
If you have questions about your payment or bill, you may contact our Finance Department at 405-471-5380.
You may also find answers to more billing or payment questions on our FAQ page.