OK SB2046

Creates the "Health Care Choice Act" allowing the Insurance Commissioner to negotiate interstate compacts permitting insurers from other states to sell health insurance policies in Oklahoma without obtaining an Oklahoma certificate of authority

Out-of-state insurers are exempt from Oklahoma's state-mandated health benefit requirements when selling policies to Oklahoma residents

Foreign insurers must meet specific conditions to sell in Oklahoma: offer the same plan in their home state, obtain a certificate of authority, participate in the Oklahoma Life and Health Insurance Guaranty Association, and contribute to the Health Insurance High Risk Pool

Requires disclosure language on applications and policies warning consumers that coverage is governed by another state's laws and may provide fewer benefits than Oklahoma-mandated policies

Authorizes the Health Insurance High Risk Pool Board to establish and operate additional high risk pools funded by sources other than standard insurer assessments

Passed the Senate on May 25, 2010 and the House on May 27, 2010 with an emergency clause for immediate effect