OKLAHOMA CITY – Oklahoma Insurance Commissioner John D. Doak plans to take regulatory action to protect consumers after the Oklahoma House of Representatives failed to advance House Bill 3236 in the final minutes of the legislative session. The bill, authored by Rep. Lewis Moore and Sen. Bill Brown would have prevented insurance companies from cancelling, non-renewing or increasing consumers’ insurance premiums for filing a towing or roadside assistance claim.
“We are beginning to see a disturbing trend among insurance companies using towing claims to cancel or non-renew policyholders in Oklahoma,” said Doak. “Many consumers are unaware that this is taking place, which is why I will be focusing my efforts in the coming months on requiring more disclosure. Our office will begin to take regulatory steps to ensure consumers are fully aware of what is being done to them, especially those consumers who have had an adverse policy action due to the use of towing or road service.”
Rep. Moore, who chairs the House Insurance Committee, agrees that the Legislature missed a golden opportunity to protect consumers Thursday night.
“As chairman, I fight to protect consumers. House Bill 3236 would have been a step in the right direction to ensure policyholders can keep their policy and keep their rates regardless of one towing or roadside assistance claim. I’m disappointed in the outcome but look forward to protecting consumers with this legislation next year,” said Rep. Moore.
“It is unfortunate but not surprising that the bill was caught up in political games during the waning moments before lawmakers adjourned Sine Die,” said Doak. “But my goal has always been to protect consumers and I will continue to do that as long as I can.”
The Oklahoma Insurance Department will now begin to address the issue from a regulatory perspective on a state and national level.
About the Oklahoma Insurance Department
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.