OK SB1953

Creates the "Employer Health Plan Transparency Act" requiring regulated health plans (group health plans and public employee health plans) to have access to all claims data, encounter information, and documentation supporting claim payments from health insurance issuers and covered service providers

Prohibits contract provisions that unreasonably delay access to claims data beyond 15 days, limit audit frequency to less than once per month, restrict disclosure of payment arrangements, fees, or overpayment information, or limit the plan's right to select an auditor

Requires health insurance issuers and covered service providers to submit annual compliance declarations under penalty of perjury to the Insurance Department, attesting that information is available upon request and no contracts contain restrictive terms

Authorizes the Insurance Commissioner to assess civil penalties up to $10,000 per day per violation, issue cease-and-desist orders, seek injunctive relief and restitution, and take action against licenses for repeated or willful violations

Effective November 1, 2026