HB2416 Summary: Health Insurance Marketplace Innovation Act of 2014

• Navigator Licensing Requirement: Establishes mandatory licensing for individuals and entities providing navigator services on health insurance exchanges operating in Oklahoma, administered by the Oklahoma Insurance Commissioner.

• Navigator Permitted Activities: Licensed navigators may provide fair and impartial information about exchange eligibility, enrollment, program specifications, plan selection assistance, referrals to consumer assistance agencies, and culturally appropriate communications.

• Prohibited Navigator Activities: Without a separate insurance producer license, navigators are prohibited from selling health insurance, engaging in producer-licensed activities, providing plan comparisons/recommendations, or advising consumers which plan to choose.

• Licensing Exemptions: Insurance producers licensed in Oklahoma, licensed attorneys, and healthcare providers (if unfunded by federal/state sources) are exempt from navigator licensing requirements.

• License Period and Reporting: Navigator licenses are valid for two years with renewal options; applicants must pass examinations and training requirements prescribed by the Commissioner, and must report administrative actions and criminal prosecutions within specified timeframes.

• Effective Date: The act becomes effective November 1, 2014.