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.