Senate Bill No. 1096 establishes new procedures for analyzing legislation that mandates changes to health benefit plans in Oklahoma. The bill defines key terms such as "Bureau," "Department," "Health benefit plan," "Legislative actuary," and "Mandate." It requires that any bill proposing a mandate be assigned to the appropriate legislative committee responsible for insurance legislation. If a majority of the committee votes in favor, an impact analysis must be conducted by the Insurance Department. The bill prohibits any mandate-related legislation from advancing without this analysis, ensuring that potential impacts are thoroughly evaluated.

The bill outlines the specific contents of the impact analysis report, which must cover social, medical efficacy, and financial impacts of the proposed mandate. The Insurance Department is authorized to contract with third-party vendors for assistance in conducting these analyses. Additionally, the Bureau is limited to submitting a maximum of five referrals for analysis per fiscal year, with any further submissions requiring written approval from the Insurance Commissioner. The act is set to take effect on November 1, 2025.