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SB 791
(Robinson/Ramsey): Creates the Viatical Settlements Act,
describing who can be a viatical settlement provider,
establishing $500 fee for license issued by Insurance
Commissioner, requiring filing of viatical settlement
contracts with the Commissioner, requiring various
disclosures to the party interested in signing a viatical
settlement contract, and authorizing Commissioner to
promulgate rules to enforce the act.
SB 896
(Stipe/Settle): Establishes a requirement that a
majority of the members of the Oklahoma Life and Health
Insurance Guaranty Association must be selected from among
the top 50 insurers, measured by premiums
collected.
SB 900
(Ford/Thornbrugh): Makes an insurance company (and its
affiliates, subsidiaries and service corporations) exempt
from all provisions of the Mortgage Broker Licensure Act.
Also makes employees exempt if they hold a current insurance
agent license, only do work for the company, and if the
company agrees to accept liability for the acts of its
agents.
SB
1163 (Shurden/Culver): Increases the amount of accrued
interest in an irrevocable contract, designated account or
cash value in insurance policies from $6,000 to $7500 that a
recipient of public assistance may receive before the amount
of assistance is reduced.
HB
2963 (Glover/Morgan): Requires the State Health
Department to conduct an individual proceeding of health
maintenance organization's (HMO) and prepaid health plans
prior to issuing a license and each year thereafter to
assure compliance to the regulations.
HB
3169 (Boyd, Betty /Williams): Creates the Genetic
Nondiscrimination Act which prohibits an insurer from
requiring or requesting any individual or any member of the
individual's family to obtain a genetic test or provide
genetic information, or considering whether such persons
have taken a genetic test or the results of any such test,
for the purpose of determining eligibility of any individual
for any insurance coverage, establishing premiums, limiting
coverage, renewing coverage, terminating coverage, or any
other underwriting decision in connection with the offer,
sale, renewal, or continuation of a policy for a life or
accident and health insurance policy, or both. Violation of
the prohibition is deemed an unfair practice under the act
and any individual who is damaged may recover equitable
relief in a court of competent jurisdiction. Under the act,
employers are prohibited from seeking to obtain or using a
genetic test, and requiring a genetic test of or requiring
genetic information from an employee or prospective
employee. An employer who violates the act , upon
conviction, is guilty of a misdemeanor and may be punished
by a fine of up to $25,000 or by imprisonment in the county
jail for up to 1 year, or both fine and imprisonment. An
insurer or employer who violates the provisions of the act
is civilly liable to the individual whose genetic
information was used in violation of the act for court
costs, attorney fees, exemplary damages, and all actual
damages, including damages for economic, bodily, or
psychological harm which is proximately caused by the
unauthorized use or violation of the provisions of the
act.
HB
3171 (Smith, Hopper/Long): Requires the State and
Employees Group Insurance Plan, health maintenance
organizations and every medical group which contracts with a
health maintenance organization to reimburse all clean
claims within sixty (60) days of receipt.
SJR 31
(Morgan/Gray): Disapproved State Board of Health rules
related to initial license review, license renewal review,
appeals and public hearings on initial license application
procedures for health maintenance organizations.
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