Frank Keating News

Kansas First State to Drop Age Restrictions on Life/Annuities Sales

Insurance Commissioner Sandy Praeger has announced that Kansas is providing enhanced consumer protections by calling for an expansion of industry standards for the suitability of the sale of fixed and variable annuity products to include persons of all ages, not …

Okla. Gov. Listed as Witness in Trial of Former Commissioner

Oklahoma Gov. Brad Henry and former Gov. Frank Keating have been listed as defense witnesses for Carroll Fisher, the former state insurance commissioner, the Oklahoman and the Associated Press reported. Both have been critical of Fisher, who quit in 2004. …

Judge to Consider Change of Venue for Former Okla. Commissioner

An Oklahoma County judge has set a Dec. 19 hearing to decide whether former Insurance Commissioner Carroll Fisher’s pending trial should be moved out of the county, the Associated Press reported. District Judge Susan Caswell agreed to consider a change …

American College Slates Industry Summit Dec. 5 in Chicago

A debate on state versus federal regulation of the insurance industry will highlight the American College Alumni Association’s Second Annual Industry Summit and Breakfast, set for Dec. 5 in Chicago. A panel of experts will discuss the proposed changes that …

Ethics Commission Issues Third Reprimand for Fisher

The Oklahoma Ethics Commission issued a public reprimand to Insurance Commissioner Carroll Fisher—the third time he has been rebuked for violating ethics rules. Fisher was reprimanded for using his office to solicit from New Star Corp. a custom desk valued …

Marshall Issues Statement on Oklahoma P/C Rate Board

The Oklahoma Department of Insurance released the following statement on the work of the DOI’s Property and Casualty Rate Board by John H. Marshall, a member of that board: “Respecting actual insurance premium rate increases or decreases requested, our basic …

Two Okla. Auto Bills Fail to Pass

Two bills that would have increased the cost of auto insurance in Oklahoma died in the state House/Senate conference committees as the 2001 legislature adjourned on May 25. The National Association of Independent Insurers (NAII) strongly opposed both bills. SB …