Oklahoma City Firm Told to Stop Acting Like an Insurer
Insurance Commissioner Carroll Fisher announced he has ordered an Oklahoma City company to stop representing itself as an insurance company. Fisher issued the order Oct. 11, after it was learned the company, operating under several names, allegedly held itself out to be an insurance company even though it held no such license.
“This is a problem we are seeing more and more as health costs rise,” Fisher said. “Companies make claims that are too good to be true and take advantage of hard-working Oklahomans.”
The issue came to light after several people who were allegedly insured by the company contacted the Oklahoma Insurance Department for help paying their claims.
What state officials learned when they began investigating the matter was a complex web of companies working together claiming to offer insurance services. Named in Fisher’s order were: Fairway Employment Services, Fairway Human Resources Management, Fairway Health Plan, Fairway Claims Administration and Central Management, Inc., along with several individuals.
Under Fisher’s order, any of the companies or individuals listed can be fined $25,000 for each violation.