Oklahoma Legislative Updates 2020

Oklahoma Legislative Updates 2020

This course meets the Oklahoma Department of Insurance (OID) requirement for two hours about 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 2020.

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 2020 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

  • general changes affecting life and health insurance licensees.
  • examine the 2020 legislative changes affecting Oklahoma’s insurance industry.
  • identify 2020 Administrative Code Changes
  • changes affecting property casualty licensees

Major Subjects Covered

  • 2020 Oklahoma Insurance Legislation Changes Affecting:
    1. Premium Rate Filings Exemption
    2. Mental Health Parity Act
    3. Administrative Rules Changes
    4. Filings and Policy Approvals, Certificates and Premium Rates
    5. Retail Pharmacy Network Access: Audit
    6. Contractual Requirements: Maximum Allowable Cost
    7. Commissioner’s Authority: Advisory Committee
    8. Inquiry/Complaint Handling Process
    9. Regulatory Compliance and Insurer Operation Changes
    10. Captive Premium Tax Reallocation
    11. General Changes to Oklahoma Insurance Law
    12. The Protected Cell Companies Act
    13. Internal audits for insurers
    14. Corporate governance annual disclosure
    15. Self-Service Storage Insurance as a Limited Lines License Authority
    16. Short-Term, Limited Duration Health Insurance
    17. Dental Care – Prior Authorization

starting at

$49.00

Hours: 2 Legislative Updates