Okla. Stat. tit. 36, § 36-6530.1
This is the official text of Okla. Stat. tit. 36, § 36-6530.1, 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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Oklahoma Individual Health Insurance Market
Official statutory text
Stabilization Act – Legislative intent.
This act shall be known and may be cited as the "Oklahoma
Individual Health Insurance Market Stabilization Act". It is the
intent of the Legislature to provide payments to health insurance
plans with respect to claims for eligible individuals for the
purpose of lowering premiums for health insurance coverage offered
in the individual market. Market stabilization activities shall
include establishment of a high-risk pool, reinsurance, hybrid
programs or any combination thereof. It is the further intent of
the Legislature to bestow upon the Oklahoma Insurance Commissioner
the authority to appoint a Board of Directors which shall create,
implement, oversee and monitor the high-risk pool, reinsurance or
hybrid programs under provisions of this act. The Board of
Directors and the Oklahoma Secretary of Health and Human Services
are authorized to apply for, accept and receive federal funds to
implement and sustain market stabilization programs. Preliminary
planning and analysis shall continue under the direction of the
Oklahoma Insurance Commissioner. The onset of market stabilization
Oklahoma Statutes - Title 36. Insurance Page 1292
implementation shall be contingent upon Oklahoma's approval for and
receipt of federal funds to implement and sustain market
stabilization programs.
This act shall be known and may be cited as the "Oklahoma
Individual Health Insurance Market Stabilization Act". It is the
intent of the Legislature to provide payments to health insurance
plans with respect to claims for eligible individuals for the
purpose of lowering premiums for health insurance coverage offered
in the individual market. Market stabilization activities shall
include establishment of a high-risk pool, reinsurance, hybrid
programs or any combination thereof. It is the further intent of
the Legislature to bestow upon the Oklahoma Insurance Commissioner
the authority to appoint a Board of Directors which shall create,
implement, oversee and monitor the high-risk pool, reinsurance or
hybrid programs under provisions of this act. The Board of
Directors and the Oklahoma Secretary of Health and Human Services
are authorized to apply for, accept and receive federal funds to
implement and sustain market stabilization programs. Preliminary
planning and analysis shall continue under the direction of the
Oklahoma Insurance Commissioner. The onset of market stabilization
Oklahoma Statutes - Title 36. Insurance Page 1292
implementation shall be contingent upon Oklahoma's approval for and
receipt of federal funds to implement and sustain market
stabilization programs.
Status: in_force · Read it on the official government site
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