Health insurance; prohibiting contract provisions; establishing violations; creating waiver; allowing subpoena; allowing administrative penalty; allowing denial of sale; prohibiting limitations of network. Effective date.

SB 1626 bans specific anti-competitive clauses in health insurance contracts between insurers and healthcare providers. It prohibits "gag clauses" (which hide price or cost information from patients), "anti-steering clauses" (restricting insurers from directing patients to lower-cost providers), "all-or-nothing clauses" (forcing full network inclusion), and "most-favored-nations clauses" (blocking price competition). The law also bans any other contract terms that create anti-competitive effects. Violations are treated as unfair or deceptive acts, allowing Oklahoma's Insurance Commissioner to impose penalties or refer cases to the Attorney General for enforcement.