On May 22, OKL LEG passed bill related to electronic filing obligations.
OKL LEG passed Bill SB 542 re electronic filing requirements, insurance regulations.
Bill modifies Oklahoma Statutes, OKL INS 36, re insurance compliance, requires person or organization to respond within 20 days after request from the OKL INS.
Bill Provisions
Contact data must be kept current and submitted electronically in format prescribed by the OKL INS, along with applicable fees, any changes updated within 20 days.
No longer requires hearing or quarterly reports by OKL INS to Pharmacy Choice Commission with accounting of matters regarding pharmacy benefits managers (PBM).
OKL INS has authority to enforce provisions by regulations, orders, bulletins.
Commissioner can hold public hearing to disapprove the application to re-domesticate.
Licensed service contract providers, who may sell motor vehicle ancillary protection products under the Service warranty act not subject to Vehicle protection product act.
Service contract providers may be registered under Vehicle protection product act.
