OK SB1135

Premium taxes collected from contracted entities under the Ensuring Access to Medicaid Act must be deposited in the Medicaid Health Improvement Revolving Fund, starting with calendar year 2024 and each year thereafter

These Medicaid-related premium taxes are explicitly exempted from the standard apportionments required under Section 312.1 of the insurance code

Contracted entities under Medicaid (as defined in Section 4002.2 of Title 56) are excluded from receiving premium tax credits for establishing new regional home offices or expanding existing offices and hiring employees

Standard premium tax rate remains at 2.25% for insurance companies, with reduced rates for employer-purchased life insurance policies exceeding $100,000 in annual premiums

Declared an emergency measure, taking effect immediately upon passage and approval