OK Insurance Bulletins

Oklahoma Health Insurance Bulletin on Senate Bill 515

The Oklahoma Insurance Department issued a bulletin to health insurers regarding Senate Bill 515, which creates new definitions and mandates for health benefit plans and health care services. The bill allows enrollees to pay out-of-pocket for negotiated services and outlines documentation requirements for reimbursement.

Oklahoma SB 1067 Ambulance Reimbursement Bulletin

The Oklahoma Insurance Department issued a bulletin regarding Senate Bill 1067, which modifies ambulance service reimbursement rules. Health insurers must adhere to specific rates for out-of-network providers, with a submission deadline for local government rates.

Oklahoma Bulletin on Unfair Trade Practices and Frauds in Health Insurance

The Oklahoma Insurance Department issued a bulletin clarifying its stance on unfair trade practices and frauds related to health insurance, particularly Medicare Advantage and Supplement plans. The bulletin addresses carrier practices that restrict consumer access to products and outlines expectations for fair market conduct and producer compensation.

Oklahoma to Launch State-based Health Insurance Exchange

The Oklahoma Insurance Department announced plans to transition to a State-based Exchange on the Federal Platform (SBE-FP) in May 2026, with a full State-based Exchange (SBE) planned for plan year 2028. This initiative, authorized by HB 1512, aims to improve health insurance options, enhance consumer experience, and retain state revenue. A Section 1332 State Innovation Waiver will also be pursued for a state reinsurance program.

Oklahoma Adoption of 2025 NAIC Valuation Manual

The Oklahoma Insurance Department has adopted the 2025 amendments to the NAIC Valuation Manual, effective January 1, 2026. This notice informs life and accident and health insurers of the adoption of these changes, which were approved by the NAIC and subsequently by the Oklahoma Insurance Commissioner.