Okla. Stat. tit. 36, § 36-4403.1
This is the official text of Okla. Stat. tit. 36, § 36-4403.1, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Definition of limited benefit insurance policy
Official statutory text
A. 1. "Limited benefit insurance" means a policy or contract
designed to be purchased individually or to supplement major medical
accident and health insurance and which only provides coverage that
is less than the minimum standard for benefits required under basic
hospital expense coverage or basic medical-surgical expense
coverage.
2. A limited benefit insurance policy or contract may specify a
waiting period for coverage, maximum benefits, maximum length of
coverage, and an exact definition of the disease covered.
B. Nothing in this section shall increase, limit, or remove
jurisdiction of the Insurance Commissioner over limited benefit
insurance.
designed to be purchased individually or to supplement major medical
accident and health insurance and which only provides coverage that
is less than the minimum standard for benefits required under basic
hospital expense coverage or basic medical-surgical expense
coverage.
2. A limited benefit insurance policy or contract may specify a
waiting period for coverage, maximum benefits, maximum length of
coverage, and an exact definition of the disease covered.
B. Nothing in this section shall increase, limit, or remove
jurisdiction of the Insurance Commissioner over limited benefit
insurance.
Status: in_force · Read it on the official government site
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