The Oklahoma Insurance Department (OID) issued a . for unauthorized sale of home warranty contracts in Oklahoma.
Effective immediately, the company is required to halt all sales activities in the state. The OID emphasizes that any entity offering home warranty contracts to Oklahoma consumers must hold proper authorization from the Oklahoma Insurance Department.
“Oklahoma consumers rely on home warranty companies to provide essential coverage. Our licensing protocols are designed to safeguard consumers and uphold ethical standards. When companies fail to adhere to these standards, we take swift action to protect consumers,” Insurance Commissioner Glen Mulready.
The OID initiated an investigation following complaints from consumers regarding the sale of unlicensed home warranty plans in Oklahoma.
Consumers are urged to verify the licensing status of any company before purchasing a policy. Suspected instances of fraud should be reported to the OID at 800-522-0071.
Source: OID
Topics Oklahoma
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