Okla.’s Holland: Health Care Company Not Authorized for Insurance Business
Oklahoma Insurance Commissioner Kim Holland announced she is ordering 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.
“I will not allow this type of misleading sales practice, masked as insurance or a substitute for insurance, to occur in this state,” Holland said.
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.
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage