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

OU Names New Dean of the College of Allied Health

    OKLAHOMA CITY – The University of Oklahoma announced today the appointment of Jane Endsley...

Tenth Amendment Issues Scheduled for House Floor Discussion

OKLAHOMA CITY – House Bill 1236 sponsored by House Speaker Charles McCall, R-Atoka, and Rep. Mark...

Oklahoma Citizens’ Protection Act heads to full Senate

 OKLAHOMA CITY – A bill to clarify and strengthen penalties for those who commit crimes during...