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OK SB1050
Bill
AI Summary
- Reduces the time limit for insurers to request refunds from claimants for overpaid claims from 12 months to 6 months after payment
- Reduces the time limit for insurers to request refunds from health care providers for overpaid claims from 18 months to 12 months after payment
- Exceptions to refund time limits remain for payments made due to fraud or when the claimant/provider has agreed to refund an overpayment
- Effective date: November 1, 2025
Legislative Description
Unfair Claims Settlement Practices Act; decreasing allowable time to file certain claim. Effective date.
Last Action
Filed with Secretary of State
5/29/2025
Committee Referrals
Civil Judiciary4/1/2025
Judiciary and Public Safety Oversight4/1/2025
Business and Insurance2/4/2025
Full Bill Text
No bill text available