Oklahoma treasurer describes insurance bills as ‘shameful’

Ponca City Now - March 7, 2015 9:21 am

OKLAHOMA CITY (AP) – Oklahoma’s treasurer is describing as "shameful" a pair of bills he says will keep his office from connecting Oklahomans with life insurance proceeds that are rightfully theirs.

Treasurer Ken Miller vowed Friday to sue the state if one of the bills – one pending in the Senate – becomes law.

That bill would require insurance companies to check a Social Security death list to see if policy holders have died, but would only apply to policies sold after 2016.

A House bill would prevent state agencies like the treasurer’s office from using private vendors to conduct audits of insurance companies.

Representative Lewis Moore sponsors the House bill and says insurance companies are already highly regulated and contractually required to track down policyholders or heirs.

 

Latest Stories

Board of Equalization Certifies Revenue

The state Board of Equalization met last week certifying revenue the Legislature will have to appropriate...

Pioneer Tech Announces February Students of the Month

Pioneer Tech proudly announces Ethan Vap and Joey Ryan as the February Students of the Month....

NOC Performing Arts Presents “Something Rotten”

The NOC Department of Performing Arts presents “SOMETHING ROTTEN”. It’s a hilarious new musical that imagines...