HB 1512: Insurance; Insurance Commissioner authority related to the Patient Protection and Affordable Care Act; creating the State-based Exchange Revolving Fund; purpose; effective date; emergency. - Oklahoma

Floor (House) → Floor (Senate) · 3 edits

MINOR

The bill was converted from a House floor version to a Senate floor version, with the Senate adding a formal definition for 'Exchange' and reorganizing the committee report section. The substantive policy content regarding the Insurance Commissioner's authority and the State-based Exchange Revolving Fund remains unchanged.

Scope change

The bill's scope and applicability remain unchanged; only formatting and a new definition were added.

DEFINITION

Senate version added a formal definition for 'Exchange' to clarify it includes state, federal, or partnership exchanges operating in Oklahoma under the Affordable Care Act.

TECHNICAL

The committee report section was reorganized and dated April 23, 2025, with the Senate Appropriations Committee listed instead of the House Appropriations and Budget Committee.

Page headers and formatting were updated to reflect Senate floor version with different page numbering and bold face notation style.

House Committee Substitute → Floor (House) · 4 edits

MODERATE

The bill was updated from a House Committee Substitute version to the House Floor version, incorporating amendments from the Senate. The substantive policy content of the bill remains unchanged, with modifications primarily affecting formatting, page numbering, and the addition of a Senate co-author (Paxton) to the bill sponsors.

TECHNICAL

Header formatting changed from 'STATE OF OKLAHOMA' to 'HOUSE OF REPRESENTATIVES - FLOOR VERSION' to reflect the bill's progression through the legislative process.

Senate co-author 'Paxton' was added to the list of bill sponsors alongside Tedford and Hill.

Page headers and footers were updated to reflect the House Floor version with different page numbering and formatting conventions.

Committee report section was updated with a new date (03/03/2025) and status notation indicating the bill should pass as amended and coauthored.

Proposed Policy Committee Substitute 1 → House Committee Substitute · 5 edits

MODERATE

The bill was completely rewritten by the House Committee, replacing the original text with new provisions that create a State-based Exchange Revolving Fund to support insurance exchange operations. The committee version adds detailed funding mechanisms, establishes how monies will be collected and spent, and reorganizes the bill structure while keeping the July 1, 2025 effective date.

Scope change

The bill's scope expanded from a general authorization to include specific creation and management of a revolving fund for the State-based Exchange, with detailed provisions on fund operations and monies handling.

FISCAL

Created a new State-based Exchange Revolving Fund in the State Treasury to support exchange creation, implementation, administration, and operation

Established that user fees and other monies collected by the Insurance Commissioner for the State-based Exchange must be deposited into the revolving fund

TECHNICAL

Changed bill title from 'Proposed Policy Committee Substitute' to 'Committee Substitute' and renumbered sections

Updated request number from 12443 to 12999 and changed bill section number from 60-1-12443 to 60-1-12999

REQUIREMENT

Added specific requirements for warrant drawing by State Treasurer based on claims signed by Insurance Department employees

Proposed Committee Substitute (full committee) 1 → Proposed Policy Committee Substitute 1 · 4 edits

MODERATE

The bill was revised from a 'Proposed Oversight Committee Substitute' to a 'Proposed Policy Committee Substitute', removing references to creating a State-based Exchange Revolving Fund and instead establishing a new effective date of July 1, 2025, with an emergency declaration. The changes shift the focus from establishing a new funding mechanism to implementing existing authority under the Affordable Care Act waiver.

Scope change

The bill's scope was narrowed by removing provisions for creating and funding a State-based Exchange Revolving Fund, while adding a specific effective date and emergency declaration.

FISCAL

Removed all references to creating the State-based Exchange Revolving Fund, including provisions for depositing monies into the fund and budgeting expenditures from it.

TIMELINE

Added Section 2 establishing that the act becomes effective on July 1, 2025.

REQUIREMENT

Added Section 3 declaring an emergency to allow immediate implementation upon passage and approval.

TECHNICAL

Changed document title from 'Proposed Oversight Committee Substitute' to 'Proposed Policy Committee Substitute' and updated request number from 12988 to 12443.

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 3 edits

MINOR

The bill was amended to replace the entire text with a committee substitute version that maintains the same substantive provisions regarding insurance commissioner authority, the State-based Exchange Revolving Fund, and effective dates. The changes are primarily formatting and procedural updates rather than substantive policy modifications.

TECHNICAL

Header information was updated to reflect committee amendment status, including committee member names and dates, replacing the enrolled version's official passage and approval sections.

Page numbering and formatting were adjusted to conform to committee substitute standards, including updated page headers and footer information.

Committee amendment movement text was added to document the procedural action of amending the bill, including the motion to delete and insert new language.

Engrossed → Enrolled (final version) · 3 edits · May 8, 2025

MINOR

The bill was finalized from its engrossed version to the enrolled version, adding official signatures and dates for House, Senate, and Governor approval. The substantive legal text remains unchanged, with only minor formatting adjustments to the header and page numbering.

TECHNICAL

Header changed from 'ENGROSSED HOUSE' to 'ENROLLED HOUSE' to reflect final legislative approval status.

Added signature lines for House, Senate, Governor, and Secretary of State with blank spaces for dates and names.

Page numbering and footer text adjusted to reflect enrolled status with actual passage dates (House March 10, 2025; Senate May 7, 2025).

Introduced → Engrossed · 6 edits · May 7, 2025

MODERATE

The bill was significantly rewritten from its original version, changing its title from the 'Insurance Act of 2025' to focus on granting the Oklahoma Insurance Commissioner authority related to the Affordable Care Act and creating a State-based Exchange Revolving Fund. The effective date was moved from November 1, 2025 to July 1, 2025, and the bill now includes a formal emergency declaration.

Scope change

The bill's scope expanded from a general insurance act to specifically address Affordable Care Act implementation, including authority for an exchange and creation of a dedicated revolving fund for its operation.

TITLE

Changed the bill title from 'Insurance Act of 2025' to focus on ACA authority and Exchange Revolving Fund

FISCAL

Created a new 'State-based Exchange Revolving Fund' in the State Treasury to support exchange operations

DEFINITION

Added a formal definition for 'Exchange' as a state, federal, or partnership marketplace operating in Oklahoma

TIMELINE

Changed the effective date from November 1, 2025 to July 1, 2025

REQUIREMENT

Added emergency declaration stating the act takes effect immediately upon passage and approval

CODIFICATION

Changed codification instruction from 'not to be codified' to 'to be codified' in Oklahoma Statutes Title 36

Insurance; Insurance Commissioner authority related to the Patient Protection and Affordable Care Act; creating the State-based Exchange Revolving Fund; purpose; effective date; emergency.

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