Oklahoma Insurance Commissioner

NAIFA Shares the Real-World Impact of DOL's Fiduciary Proposal at Public Hearing

Retrieved on: 
Tuesday, December 12, 2023
Ministry of Labour, Holz, White, Oklahoma Insurance Commissioner, Labour, CASL, National Association, Conference, LACP, Adviser, Chfc, Retirement, Congress, Hearing, Interest, CLU, Financial adviser, Insurance

ARLINGTON, Va., Dec. 12, 2023 /PRNewswire-PRWeb/ -- National Association of Insurance and Financial Advisors (NAIFA) President Bryon Holz, CLU, ChFC, LUTCF, CASL, LACP, testified today along with his client, Chuck Ross, at a Department of Labor public hearing on the DOL's fiduciary proposal known as the "Retirement Security Rule: Definition of an Investment Advice Fiduciary." He is one of the only actively practicing financial advisors to testify during the hearing and the only one to testify along with a client. Together, they gave a first-hand account of how the proposal will harm consumers.

Key Points: 
  • He is one of the only actively practicing financial advisors to testify during the hearing and the only one to testify along with a client.
  • Together, they gave a first-hand account of how the proposal will harm consumers.
  • The DOL proposal would limit the ability of consumers to choose from a variety of financial service business models.
  • CEO Mayeux has said NAIFA will explore all options to preserve consumers' ability to choose from a variety of financial service models.

Bermuda Considers Introducing a Corporate Income Tax

Retrieved on: 
Tuesday, August 8, 2023
Professional Services, Public Policy, Government, State, Local, Other Professional Services, Finance, Banking, Accounting, Workforce, Insurance, Fintech, Texas Tax Reform Commission, Education, OECD, Organization, Policy, Tax, Tax information exchange agreement, Alberta Enterprise Group, Government House, Bermuda, AML, GDP, ATF, Economic Cooperation Organization, Telephone, D-8 Organization for Economic Cooperation, Oklahoma Insurance Commissioner, Director of National Parks, Multilateral, Renewable energy, EU

Today, the Government of Bermuda announced that it will issue a public consultation paper as part of its considerations on introducing a corporate income tax to apply to Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenue of €750M or more.

Key Points: 
  • Today, the Government of Bermuda announced that it will issue a public consultation paper as part of its considerations on introducing a corporate income tax to apply to Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenue of €750M or more.
  • Bermuda is considering a corporate income tax that would be taken into account in calculating the effective tax rate of Bermuda businesses under the Organization for Economic Cooperation and Development’s (OECD) global minimum tax rules.
  • The taxes paid under the proposed Bermuda corporate income tax regime would be those which would be payable to other jurisdictions under the global minimum tax framework.
  • Any new corporate income tax adopted would also include certain tax credits which support Bermuda’s economic goals and maintains Bermuda’s global attractiveness.

Federman & Sherwood Announces Investigation into Claims that CVS Has Lied to Oklahomans About Their Prescriptions

Retrieved on: 
Tuesday, April 25, 2023
Class Action Lawsuit, Professional Services, Legal, Caremark, CVS, Insurance, Oklahoma Insurance Commissioner, Pharmacy, Prescription, Letter, Sherwood, Keystone State Park (Oklahoma), Pharmacy benefit management, CVS Caremark, Dietary supplement

Federman & Sherwood announces investigation into claims that CVS has lied to Oklahomans about their prescriptions.

Key Points: 
  • Federman & Sherwood announces investigation into claims that CVS has lied to Oklahomans about their prescriptions.
  • As part of a settlement with the Oklahoma Insurance Commissioner, CVS Caremark was to write to its customers and explain the State of Oklahoma had not outlawed long-term prescription refills as CVS had previously told them.
  • Insurance Commissioner Glen Mulready said the company, rather than clarify, just spread more misinformation with its latest round of correspondence.
  • If you received a letter and want to discuss this action, please contact:
    View source version on businesswire.com: https://www.businesswire.com/news/home/20230425006142/en/

KBRA Releases Report Assigning K1+ Rating to Cobb County School District, GA’s Short-Term Construction Notes, Series 2023; Affirming K1+ Rating for Series 2022 Construction Notes and AAA Rating for Implied GO Credit

Retrieved on: 
Tuesday, December 6, 2022
Professional Services, Finance, AAA, Note, National Association, ESG, CRA, Ontario Securities Commission, Cobb County School District, Credit, National Association of Insurance Commissioners, Jetivia SA v Bilta (UK) Limited (in liquidation), European Securities and Markets Authority, Prospectus, KBRA, UK, Oklahoma Insurance Commissioner, Telescopic sight

On December 5, 2022, KBRA assigned a short-term rating of K1+ to Cobb County School District, Georgias Short-Term Construction Notes, Series 2023 (the "Notes").

Key Points: 
  • On December 5, 2022, KBRA assigned a short-term rating of K1+ to Cobb County School District, Georgias Short-Term Construction Notes, Series 2023 (the "Notes").
  • Additionally, KBRA affirmed the short-term rating of K1+ for the Districts Short-Term Construction Notes, Series 2022 due December 15, 2022, and the long-term rating of AAA with a Stable Outlook for the Districts Implied General Obligation Credit.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2022-A

Retrieved on: 
Monday, November 21, 2022
Professional Services, Finance, Sale, Marketing, Advertising, Class, Ontario Securities Commission, KBRA, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, Policy, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, Credit card, FICO, Oklahoma Insurance Commissioner, Online shopping, Risk management, Telescopic sight

KBRA assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2022-A (GSFMT Series 2022-A), a credit card asset-backed securitization.

Key Points: 
  • KBRA assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2022-A (GSFMT Series 2022-A), a credit card asset-backed securitization.
  • The preliminary ratings reflect initial credit enhancement levels of 64.03% for the Class A notes to 14.32% for the Class F notes.
  • KBRA also conducted an operational assessment of Genesis, as well as a review of the transactions legal structure and transaction documents.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases Report Assigning Rating to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds (Louisiana Insurance Guaranty Association Project), Series 2022B; Stable Outlook

Retrieved on: 
Wednesday, November 9, 2022
Professional Services, Insurance, Finance, Series, ESG, Oklahoma Insurance Commissioner, National Association of Insurance Commissioners, Ontario Securities Commission, Prospectus, National Association, Community development, Credit, European Securities and Markets Authority, U.S. Securities and Exchange Commission, UK, CRA, Jetivia SA v Bilta (UK) Limited (in liquidation), Outlook, KBRA, LLC

On November 7, KBRA assigned long-term rating of AA- to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds (Louisiana Insurance Guaranty Association Project), Series 2022B.

Key Points: 
  • On November 7, KBRA assigned long-term rating of AA- to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds (Louisiana Insurance Guaranty Association Project), Series 2022B.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases Report Assigning AA- Ratings to Metropolitan Nashville Airport Authority, TN Airport Improvement Revenue Bonds Series 2022A and 2022B; Affirms Parity and Subordinate Debt; Outlook Remains Stable

Retrieved on: 
Friday, November 4, 2022
Professional Services, Insurance, Finance, Ontario Securities Commission, Prospectus, LLC, ESG, National Association, Parity, KBRA, Metropolitan Nashville Airport Authority, Outlook, Oklahoma Insurance Commissioner, European Securities and Markets Authority, UK, Credit, U.S. Securities and Exchange Commission, CRA, Jetivia SA v Bilta (UK) Limited (in liquidation), National Association of Insurance Commissioners, Telescopic sight, Security (finance)

On November 3, 2022, KBRA assigned long-term ratings of AA- to the Metropolitan Nashville Airport Authority Airport Improvement Revenue Bonds, Series 2022A and Airport Improvement Revenue Bonds, Series 2022B, and affirmed the AA- rating for parity debt and the A+ rating for subordinate debt.

Key Points: 
  • On November 3, 2022, KBRA assigned long-term ratings of AA- to the Metropolitan Nashville Airport Authority Airport Improvement Revenue Bonds, Series 2022A and Airport Improvement Revenue Bonds, Series 2022B, and affirmed the AA- rating for parity debt and the A+ rating for subordinate debt.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases Report Assigning AA- to Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion Project Refunding Bonds, Series 2022B; Affirms Parity Debt; Outlook Remains Stable

Retrieved on: 
Thursday, November 3, 2022
Professional Services, Finance, Ontario Securities Commission, Prospectus, LLC, ESG, National Association, Parity, KBRA, Outlook, Oklahoma Insurance Commissioner, European Securities and Markets Authority, UK, Credit, U.S. Securities and Exchange Commission, CRA, Metropolitan Pier and Exposition Authority, Exposition, Jetivia SA v Bilta (UK) Limited (in liquidation), National Association of Insurance Commissioners, Telescopic sight, Security (finance)

On November 1, 2022, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2022B and affirmed the AA- rating for parity debt.

Key Points: 
  • On November 1, 2022, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2022B and affirmed the AA- rating for parity debt.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.

KBRA Publishes Atlas Corp.’s Issuer Rating of BB+, Stable

Retrieved on: 
Monday, October 31, 2022
Banking, Professional Services, Finance, National Association, National Association of Insurance Commissioners, MSC, Time, Ontario Securities Commission, Outlook, Government, Hapag-Lloyd, European Securities and Markets Authority, EBITDA, CMA, Maintenance, U.S. Securities and Exchange Commission, Oklahoma Insurance Commissioner, UK, Industry, Atlas Corporation, Risk, Movement, COSCO, Jetivia SA v Bilta (UK) Limited (in liquidation), APR, Prospectus, Credit, ONE, Growth, KBRA, TEU, CRA, ESG, CMA CGM, St. Louis Fed Financial Stress Index, LLC, Efficiency, BB, Security (finance), Airline, Telescopic sight, Seaspan ULC, Maersk

KBRA publishes the BB+ issuer rating assigned to Atlas Corp. (Atlas or the Company).

Key Points: 
  • KBRA publishes the BB+ issuer rating assigned to Atlas Corp. (Atlas or the Company).
  • On September 23, 2022, Kroll Bond Rating Agency (KBRA) initially assigned an unpublished BB+ issuer rating to Atlas Corp. with a Stable Outlook.
  • In the absence of material debt obligations at the holding company level, the issuer rating for Atlas is aligned with the Seaspan issuer rating of BB+.
  • The rating of Atlas Corp. has a Stable Outlook; therefore, a rating upgrade in the near future is not expected.

KBRA Releases Report Assigning AA Rating with Stable Outlook to Southeastern Pennsylvania Transportation Authority Revenue Bonds, Series of 2022 (Asset Improvement Program)

Retrieved on: 
Thursday, September 22, 2022
Professional Services, Finance, Oklahoma Insurance Commissioner, AA, ESG, LLC, Credit, U.S. Securities and Exchange Commission, Jetivia SA v Bilta (UK) Limited (in liquidation), European Securities and Markets Authority, Ontario Securities Commission, KBRA, UK, CRA, Prospectus, National Association, National Association of Insurance Commissioners

On September 20, 2022, KBRA assigned a long-term rating of AA with a Stable Outlook to the Southeastern Pennsylvania Transportation Authority Revenue Bonds, Series of 2022 (Asset Improvement Program).

Key Points: 
  • On September 20, 2022, KBRA assigned a long-term rating of AA with a Stable Outlook to the Southeastern Pennsylvania Transportation Authority Revenue Bonds, Series of 2022 (Asset Improvement Program).
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.