Jazz Hall Of Fame Pays Insurance Debts In Full
A major insurer who had the financially shaky Oklahoma Jazz Hall of Fame on the hook for around $11,200 a couple weeks ago after the museum failed to pay its workers' compensation premium on time now says the debt's been settled.
A State Farm Insurance spokesman said Friday the debt had been settled.
If both parties didn't agree on what was owed, an asset liquidation hearing could have started in court to probe how much property the jazz hall had could be turned over to the insurer to settle its debt.
The museum's latest debts were enough to prompt a recent acknowledgement of the precarious situation from James Goodwin, the museum's attorney, who called on devotees of jazz music to donate so the privately funded facility could stay open.
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