Oklahoma Insurance Commissioner Pushes Back on Lawsuit Seeking Unfinished Market Conduct Examination

Oklahoma Insurance Commissioner Glen Mulready has opposed a lawsuit that seeks to obtain an unfinished market conduct examination concerning roof insurance claims. The Oklahoma Insurance Department states the examination is still being conducted by an independent examiner and no final report exists. Mulready argues that releasing incomplete material could undermine the regulatory review and the department’s duty to protect policyholders. In a statement, he called the lawsuit frivolous, saying it reflects either a misunderstanding of insurance law or an attempt to pressure the agency. He emphasized that market conduct examinations are governed by law and that the department’s responsibility is to conduct a thorough review, not to produce a report on demand for litigation. The commissioner noted that every hour spent on litigation diverts resources from the department’s core work. He reiterated his desire for a complete, accurate, and legally defensible final report, and warned that any findings must withstand scrutiny. The examination remains ongoing, and the independent examiner has not yet submitted a final report. The dispute centers on whether an unfinished examination should be disclosed before the regulatory process is complete.

(Source：Theclevelandamerican)