Senate Bill 478 won unanimous support in the House Thursday and would open up a path for Oklahomans to buy out-of-state health insurance policies. The bill is authored by Senator Bill Brown and Rep. Lewis Moore.
If it makes it into law, the measure would allow the Oklahoma Insurance Department to enter into compacts with other states. Each state’s legislature would have to approve the compact before it would be put into place. The insurance would have to meet Oklahoma’s requirements for coverage.
“This bill will make individual insurance more affordable and will increase coverage options for Oklahomans,” said Moore.
SB 478 has won the favor of Insurance Commissioner John Doak.
It now heads to conference committee. If approved there, it’ll go to the Senate for a final vote.
