Retirement and Insurance
The Senate Retirement and Insurance Committee is primarily tasked with handling legislative issues relating to the regulation of private insurance in the state. This covers issues such as mandated health insurance coverage, life insurance, property and casualty insurance, service warranties, reinsurance, and unfair claims settlement practices. Additionally, the committee covers all legislation related to the six public pensions in this state: the Teachers’ Retirement System of Oklahoma, Oklahoma Public Employees Retirement System, the Uniform Retirement System for Justices and Judges, the Oklahoma Firefighters Pension and Retirement System, the Oklahoma Police Pension and Retirement System, and the Oklahoma Law Enforcement Retirement System. Agencies and organizations often working with the Retirement and Insurance Committee include the Oklahoma Insurance Department and each of the pension systems.