Oklahoma Insurance Commissioner Carroll Fisher announced he will conduct a hearing Nov. 18, 2003 on a rate increase in medical malpractice insurance rates proposed by Physicians Liability Insurance Co.
Under a recently enacted state law, policyholders impacted by proposed medical malpractice rate changes can request a formal hearing. Several such requests have been made.
Doctors in many states have experienced high increases in medical malpractice rates. In an effort to keep help reduce such problems in Oklahoma, the legislature approved reforms to state laws governing medical malpractice. The reform package limits liability in some circumstances.
The hearing is set for 8:30 a.m. Nov. 18 at the Oklahoma Insurance Department, 2401 NW 23rd, Suite 28, in Oklahoma City. Persons wishing to make oral comments at that time must notify the department in writing by Nov. 14 at 1 p.m. Written comments will be taken until that time as well.
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