09/04/2026
The House Insurance Committee considers legislation that affects property, auto, healthcare and other types of insurance. The committee passed the following bills this year that are now signed into law.
House Bill 3781 requires insurance companies to submit proposed rate increases to the Oklahoma Insurance Department for review prior to taking effect, rather than just raising rates without notifying customers. Rate increases will have to be publicly posted so Oklahomans can see exactly what changes are being proposed and when they would take effect. The author of the bill said this will bring transparency to the rate-filing system in Oklahoma. This also gives the commissioner a way to potentially challenge rates that are unreasonably high, discriminatory or unfair.
Senate Bill 1443 provides that all health benefit plans must consider the patient’s physical status and the complexity and urgency of care when determining the necessity of services and calculation of benefit payment amounts for anesthesia services. This just ensures anesthesiologists are paid for the actual work they perform, reflected by the acuity level of the patients they are treating.
Senate Bill 1447 better regulates contracts between pharmacy benefit managers (PBMs) and state employee health plans. The goal is to safeguard the Oklahoma Employee Insurance Plan. This clarifies that the state maintains ownership of all plan-specific data, complete authority over formularies and utilization management, broad audit rights and the option to choose transparent drug-pricing models. PBMs are prohibited from modifying formularies without state authorization, steering patients to their affiliated pharmacies, implementing less favorable terms for non-affiliated pharmacies, establishing gag clauses limiting the state's ability to share records and unjustifiably excluding certain pharmacies from the network. The measure requires PBMs to disclose any affiliates or subcontractors before the contract is finalized, pass through all rebates, maintain System and Organization Controls (SOC) Type 2 certification and quickly provide claim-level data without added fees beyond fixed administrative charges. PBMs also must submit a report detailing each itemized drug claim and provide impact analyses for each change to the plan design before the change can be approved. Additionally, any non-compliant contract term is voidable by the state, and requests for proposals for PBM services must include proof of compliance with sample contract language.
Senate Bill 1920 increases the salvage rate, or the percentage of cost to repair a vehicle as it relates to returning title to Service Oklahoma, from 60% to 70% of the fair market value of the vehicle. The bill's author says this is good for consumers as most would prefer not to have their vehicle salvaged. It also puts us in better alignment with practices of surrounding states, and it reduces the occurrence of premature salvage.
Please reach out with any thoughts or concerns on legislation. I can be reached at (405) 557-7322 or at [email protected].
It's an honor to serve the people of District 36.