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§ 1314.5. Procurement of supplemental health insurance--Self-insurance

Oklahoma Statutes AnnotatedTitle 74. State Government

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 37. Oklahoma Employees Insurance and Benefits Act
74 Okl.St.Ann. § 1314.5
§ 1314.5. Procurement of supplemental health insurance--Self-insurance
A. The Oklahoma Employment Security Commission shall attempt to obtain the supplemental health insurance described in Section 1314.4 of this title through competitive procurement under The Central Purchasing Act.1 If the Commission does not obtain such supplemental health insurance in this manner, it shall contract with the Office of Management and Enterprise Services for such coverage or the Commission may provide the supplemental health insurance through a self-insurance program.
B. If the Commission decides to contract with the Office for the supplemental health insurance coverage, the Office is expressly authorized and directed to enter into such a contract and administer the supplemental benefit in such manner to cause the least disruption to its systems and daily operations. The supplemental benefit does not have to be offered as a supplemental plan but can be combined with the state plan to be administered and actuarially rated as a single plan. If this option is chosen, all dependents of employees or former employees currently eligible for the supplemental health insurance shall be included in the plan, regardless of whether or not the dependents were previously included in the plan, and this subsection will prevail over the provisions of Section 1314.3 of this title. The Commission shall pay the full actuarial cost to be determined by the Office and all reasonable administrative costs for such coverage, if provided by or through the Office. The Office may consider the utilization experience of the group participating in the benefit when calculating the rate for providing the benefit. The Office shall maintain separate reserves for said coverage.
C. If the Commission decides to provide supplemental health insurance through a self-insurance program, the Commission shall be authorized to contract with a private company to provide claims adjusting services for the supplemental health insurance claims adjusting and processing.

Credits

Laws 1990, c. 303, § 4, emerg. eff. May 30, 1990; Laws 2004, c. 278, § 3, emerg. eff. May 10, 2004; Laws 2012, c. 304, § 958.

Footnotes

Title 74, § 85.1 et seq.
74 Okl. St. Ann. § 1314.5, OK ST T. 74 § 1314.5
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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