Judge Approves Oklahoma, New Mexico Special Deposit Agreement
(August 23, 2016, 7:04 AM EDT) -- OKLAHOMA CITY — An Oklahoma judge on Aug. 5 approved the application of that state’s insurance commissioner and ordered the commissioner to implement a special deposit refund agreement with the insurance superintendent of New Mexico (State of Oklahoma ex rel. John D. Doak Insurance Commissioner v. Red Rock Insurance Company A Licensed Insurer in the State of Oklahoma, No. CJ-2014-4353, Okla. Dist., Oklahoma Co.).
(Order available. Document #10-160826-022R.)
The State of Oklahoma, ex rel. John D. Doak, insurance commissioner, sued Red Rock Insurance Co., f/k/a BancInsure,...