Legislative Highlights

Legislative Highlights

  • Senate Bill 1621(2012) which allows small employers to purchase group insurance through an employer association, which helps small businesses save money,
  • Senate Bill 1439 (2012) which enacts tougher penalties for insurance fraud,
  • House Bill 231(2012) which raises the standards for insurance company examinations but extends their period from 3 to 5 years, allowing companies to spread the cost over a longer time period, and
  • Senate Bill 1617 (2012) which paves the way for more so-called "captive" insurance companies to do business in Oklahoma by capping their premium tax at $100,000. This is a business recruitment tool, as currently no captive companies are domesticated in Oklahoma.
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