§ 6516. Renewability of health benefit plans--Election not to renew--Geographic service area
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 6516
§ 6516. Renewability of health benefit plans--Election not to renew--Geographic service area
A. A health benefit plan subject to this act1 shall be renewable with respect to all eligible employees and dependents, at the option of the small employer, except in any of the following cases:
b. provide notice of the decision not to renew coverage to all affected small employers and to the Commissioner in each state in which an affected covered individual is known to reside at least one hundred eighty (180) days prior to the nonrenewal of any health benefit plan by the carrier. Notice to the Commissioner under this subparagraph shall be provided at least three (3) working days prior to the notice to the affected small employers; or
Credits
Laws 1992, c. 329, § 6, eff. Sept. 1, 1992.
Footnotes
Title 36, § 6511 et seq.
36 Okl. St. Ann. § 6516, OK ST T. 36 § 6516
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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