Oklahoma Insurance Commissioner Kim Holland ordered First Choice Healthcare to stop conducting unauthorized business involving insurance in Oklahoma. The order states that the company has violated state law by misleading consumers regarding health related discount cards.
The action resulted from a complaint received by the Oklahoma Insurance Department that the company overcharged an Oklahoma couple after selling a discount card called the First Choice Healthcare Services Comprehensive Health Plan. The company also failed to properly provide services to the couple as promised after debiting their bank account in excess of the amount agreed.
Commissioner Holland may impose a penalty of $25,000 on the company for each act of violation against the order or force them pay back Oklahoma residents damaged by the violation.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Rotting Apple: Berkley Explains Property Market, Company Appetite From This Issue
