2014 Oklahoma Statutes
Title 36. Insurance
§36-6533. Mandatory participation – Termination of coverage and policies – Dissolution of pool.
This section is due to be repealed effective Jan. 1, 2017, by Laws 2014, c. 389, § 3.
A. Every insurer and reinsurer providing health insurance or reinsurance shall participate in the Health Insurance High Risk Pool.
B. Health insurance policies provided in accordance with this act shall be available for sale no later than July 1, 1996.
C. Health insurance policies provided in accordance with the Health Insurance High Risk Pool Act shall cease to be available for sale beginning June 1, 2014. No such coverage will be made available with an effective date after July 1, 2014.
D. All remaining health insurance policies provided in accordance with this act shall terminate at midnight on December 31, 2014, and no grace period will be available to extend coverage beyond the termination date on December 31, 2014.
E. By no later than October 1, 2014, the Board of Directors of the Oklahoma Health Insurance High Risk Pool shall provide to the Oklahoma Insurance Commissioner a detailed plan to dissolve the Pool, including but not limited to, completion of all obligations, maintenance of records, disposal of all equipment and return of any remaining assessments.
F. The plan to dissolve the Pool shall become effective upon written approval by the Commissioner.
Added by Laws 1995, c. 250, § 3, eff. July 1, 1995. Amended by Laws 2014, c. 389, § 2, emerg. eff. June 3, 2014.
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