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.
ABOUT OID
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.
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