Okla. Stat. tit. 36, § 36-4419: Short-term, limited-duration insurance policies –

Limitations on benefits provided.

A. For the purposes of this section "short-term, limited-

duration insurance" or "STLDI" means individual health insurance

coverage provided pursuant to a contract with an insurer that has an

expiration date specified in the contract that is less than twelve

(12) months after the original effective date of the contract and,

taking into account renewals or extensions, has a duration of no

longer than thirty-six (36) months in total.

B. An STLDI policy shall not be subject to the continuation

provisions of the Health Insurance Portability and Accountability

Act of 1996, and shall be exempt from medical loss ratio

calculations associated with individual accident and health

insurance issued within this state.

C. No STLDI policy shall be deemed to be included under the

definition of group accident and health insurance issued or renewed

inside or outside of this state and covering persons residing in

this state.

D. The benefits provided by an STLDI policy may be limited as

follows:

1. An STLDI policy shall not be required to contain one or more

of the mandated accident and health insurance benefits otherwise

required by Title 36 of the Oklahoma Statutes; and

2. An STLDI policy shall include the definitions of individual

accident and health insurance with respect to major medical benefits

and standard provisions or rights of coverage.

E. An applicant for an STLDI policy shall be provided, at the

time of application and in addition to any notice required by

applicable federal law or regulation, a written notice that one or

more of the benefits mandated by Oklahoma law is not included in the

STLDI policy.

1. The notice shall specify the essential health benefits that

are included in the STLDI policy. For purposes of this subsection,

"essential health benefits" means those benefits set forth in 42

U.S.C., Section 18022(b).

2. The notice shall specifically list the accident and health

insurance benefits otherwise required to be covered by Title 36 of

the Oklahoma Statutes that will not be covered.

3. The insurer shall retain a signed copy of this notice on

file as a part of the original application as evidence that the

insured has acknowledged such notice.

4. Such signed copy may be in original form, electronic file

form or in any other reproducible file form as may be consistent

with the insurer's method of retaining application copies.

F. An STLDI policy may offer various optional combinations of

coverage at additional premiums for each optional benefit offered.

G. STLDI policies issued in Oklahoma shall be subject to the

filing requirements of Section 4402 of Title 36 of the Oklahoma

Statutes.

H. Any individual insured under an STLDI policy shall be issued

an identification card which clearly indicates that the STLDI policy

is a limited duration policy not subject to Affordable Care Act

requirements.