Broken Bow Insurance Producer Deberry License Revoked, $2,000 Fine
Summary
The Oklahoma Insurance Department (OID) has revoked the insurance producer license of David Kyle Deberry of Broken Bow and imposed a $2,000 fine following a March 5, 2026 show-cause hearing at which Deberry failed to appear. The investigation, initiated by a December 19, 2024 complaint from Farmers Insurance Group, found that Deberry misappropriated $22,433.65 in consumer premiums from February through September 2024, with $4,145.64 remaining unaccounted for after Farmers recovered $18,288.01. OID's Anti-Fraud Unit conducted the investigation and made multiple unsuccessful attempts to contact Deberry for an interview.
Oklahoma-licensed insurance producers should review their premium-handling controls and ensure all premium payments are forwarded to insurers in a timely manner. The OID Anti-Fraud Unit initiated this action following a complaint from Farmers Insurance Group and pursued it through to revocation despite Deberry's non-appearance and failure to respond to interview requests — indicating the Department will proceed with enforcement even without respondent cooperation.
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GovPing monitors OK Insurance Department for new insurance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 3 changes logged to date.
What changed
OID revoked Deberry's insurance producer license and issued a $2,000 monetary fine following his failure to appear at a show-cause hearing on March 5, 2026. The enforcement action stems from Deberry's misappropriation of $22,433.65 in consumer premiums paid to his agency from February through September 2024, discovered after Farmers Insurance Group filed a complaint on December 19, 2024. While Farmers recovered $18,288.01 of the missing premiums, $4,145.64 remains unaccounted for.
Insurance producers and agencies operating in Oklahoma should treat this action as a reminder of their obligations to forward premium payments promptly to insurers. The OID's Anti-Fraud Unit actively investigates misappropriation complaints, and failure to respond to agency inquiries can result in adverse findings at show-cause hearings. Producers should ensure robust controls over premium handling and maintain clear communication channels with the Department to avoid similar enforcement outcomes.
Penalties
$2,000 fine
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
McCurtain County Insurance Producer Faces Actions After Misappropriating Premiums
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For Immediate Release: April 17, 2026
McCurtain County Insurance Producer Faces Actions After Misappropriating Premiums
OKLAHOMA CITY – The Oklahoma Insurance Department (OID) has announced it has fined and revoked the license of David Kyle Deberry, a resident insurance producer from Broken Bow, Oklahoma, following an investigation led by its Anti-Fraud Unit.
On March 5, 2026, a show-cause hearing was held at OID’s offices before an independent examiner, at which Deberry failed to appear. Deberry was found to have misappropriated $22,433.65 in paid consumer premiums. OID revoked Deberry’s license and issued him a $2,000 fine.
This case began when Farmers Insurance Group filed a complaint on Dec. 19, 2024. The complaint stated Deberry failed to forward premium payments to the company.
Farmers’ internal investigation revealed that Deberry’s agency had $22,433.65 in missing cash premiums from February through September 2024. Farmers recovered $18,288.01 of the missing premium, but $4,145.64 remains unaccounted for.
OID and Farmers made multiple attempts to contact Deberry for an interview but received no response.
If you think you’ve witnessed insurance producer fraud, you can report it confidentially to OID by emailing fraudstoppers@oid.ok.gov, calling 800-522-0071 or visiting oid.ok.gov/anti-fraud.
Media questions or comments should be directed to
Chief of Communications, Liz Heigle
Liz.Heigle@oid.ok.gov | (405) 819-2221
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