OK| The amended bulletin from the Oklahoma Insurance Commissioner, dated October 29, 2024 (revised January 2, 2025), outlines rule changes effective August 11, 2024, affecting health benefit plans and motor vehicle repairs in Oklahoma. The bulletin details new requirements for annual provider directory audits and the establishment of competitive prices for motor vehicle repairs. Insurance companies are required to file reports and attestations by specific deadlines to comply with these new regulations.
Key points:
- Property and Casualty carriers, along with Surplus Lines carriers writing personal or commercial passenger auto policies in Oklahoma, must file a “Market Survey Attestation” by December 31, 2024.
- Health benefit plans must conduct annual provider directory audits and file an Annual Provider Directory Audit Report by March 1, 2025, and every March 1st thereafter.