Oklahoma § 36-6060.12
Full text of Oklahoma Oklahoma Statutes § 36-6060.12, with citation guidance and answers to common questions.
§ 36-6060.12.
cost.
Exempted plans - Calculation of increase in premium
Oklahoma Statutes - Title 36. Insurance
1. A health benefit plan that, at the end of its base period,
experiences a greater than two percent (2%) increase in premium
costs pursuant to providing benefits for treatment of mental health
and substance use disorders shall be exempt from the provisions of
Section 6060.11 of this title.
2. To calculate base-period-premium costs, the health benefit
plan shall subtract from premium costs incurred during the base
period, both the premium costs incurred during the period
immediately preceding the base period and any premium cost increases
attributable to factors unrelated to benefits for treatment of
mental health and substance use disorders.
3.
a.
To claim the exemption provided for in paragraph 1 of
this section a health benefit plan shall provide to
the Insurance Commissioner a written request signed by
an actuary stating the reasons and actuarial
assumptions upon which the request is based.
b.
The Commissioner shall verify the information provided
and shall approve or disapprove the request within
thirty (30) days of receipt.
c.
If, upon investigation, the Commissioner finds that
any statement of fact in the request is found to be
knowingly false, the health benefit plan may be
subject to suspension or loss of license or any other
penalty as determined by the Commissioner with regard
to health maintenance organizations.
Added by Laws 1999, c. 153, § 3, eff. Jan. 1, 2000. Amended by Laws
2020, c. 75, § 3, eff. Nov. 1, 2020; Laws 2021, c. 478, § 29, emerg.
eff. May 12, 2021.
Frequently Asked Questions About Oklahoma § 36-6060.12
What does Oklahoma Statutes § 36-6060.12 cover?
Section 36-6060.12 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-6060.12?
A common citation format is "Oklahoma Statutes § 36-6060.12" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-6060.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.