Oklahoma Legislative Updates 2019

Oklahoma Legislative Updates 2019

This course meets the Oklahoma Department of Insurance (OID) requirement for two hours on the subject of the state legislative updates.

This course presents a summary of the legislation undertaken by the Oklahoma Legislature affecting insurance producers, companies, and adjusters as a result of the First Regular Session of the 57th Legislature in 2019.

We identify relevant parts of the Oklahoma Insurance Code, Title 36, that changed during this legislative session and that affect licensees regulated by the Oklahoma Insurance Department, specifically those that relate to insurance producers, companies, and adjusters.

Upon conclusion of this course, you will know:

  • The many changes that were made to the Oklahoma Insurance Code in 2019 resulting from the First Regular Session of the 57th Legislature, which affect life and health insurance professionals, property and casualty professionals, and the regulation of the state’s insurance business in general.

Course Objectives

  • Examine the 2019 legislative changes affecting Oklahoma’s insurance industry; and
  • Identify 2019 Administrative Code Changes.

Major Subjects Covered

  • 2019 Oklahoma Insurance Legislation Changes Affecting:
    1. filing producer appointments
    2. reporting administrative or criminal actions against licensees
    3. the Protected Cell Companies Act
    4. internal audits for insurers
    5. corporate governance annual disclosure
    6. changes to the International Business Transfer Act
    7. credit card restrictions on health insurers and HMOs
    8. viatical settlement brokers’ evidence of financial responsibility
    9. the Patient’s Right to Pharmacy Choice Act
    10. dental care – prior authorization
    11. screening, diagnosis, and treatment of autism spectrum disorder
    12. short-term, limited duration health insurance
    13. self-service storage as a limited lines license

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Hours: 2 Legislative Updates