§ 6530.5. Board of Directors--Duties--Sunset of Program
Oklahoma Statutes AnnotatedTitle 36. InsuranceEffective: August 2, 2018
Effective: August 2, 2018
36 Okl.St.Ann. § 6530.5
§ 6530.5. Board of Directors--Duties--Sunset of Program
a. approval of a waiver provided by Section 1332 of the Patient Protection and Affordable Care Act,1 “1332 State Innovation Waiver”, authorizing federal funding to support market stabilization program payments,
B. In the event Oklahoma is unable to secure federal approval of a 1332 State Innovation Waiver or secure funding from federal grant programs within two (2) years from the effective date of this act, the Oklahoma Individual Health Insurance Market Stabilization Program shall sunset, and any remaining monies shall be returned to insurers on a pro rata basis based on the amount each insurer has paid in assessments since the creation of the Program.
Credits
Laws 2017, c. 383, § 5, emerg. eff. June 6, 2017; Laws 2018, c. 267, § 1.
Footnotes
42 U.S.C.A. § 18052.
36 Okl. St. Ann. § 6530.5, OK ST T. 36 § 6530.5
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |