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53	53	STATE OF OKLAHOMA
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55	55	2nd Session of the 59th Legislature (2024)
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57	57	SENATE BILL 1485 By: Garvin
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63	63	AS INTRODUCED
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65	65	An Act relating to long-term care; requiring nursing
66	66	facility to maintain certain liability insura nce
67	67	coverage; describing policy or contract; providing
68	68	for penalties; requiring certain notices under
69	69	specified conditions; providing certain protections
70	70	against penalties; requiring prescription ,
71	71	completion, and certain update of specified forms;
72	72	specifying certain limit of lia bility protection;
73	73	providing income tax credit for certain liability
74	74	insurance premiums; requiring compliance with certain
75	75	provisions; specifying amount of credit; proh ibiting
76	76	refundability of cre dit; providing for the carry
77	77	forward of unused credit; and providing for
78	78	codification.
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83	83	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
84	84	SECTION 1. NEW LAW A new section of law to be codified
85	85	in the Oklahoma Statutes as Section 1-1903.1 of Title 63, unless
86	86	there is created a duplication in numbering, reads as follows:
87	87	A. A nursing facility li censed by the State Department of
88	88	Health shall maintain liability insurance coverage of at least One
89	89	Million Dollars ($1,000 ,000.00) for each occurrence of negligence.
90	90	An insurance policy or contract required under this section shall
91	91	cover injury to a patient that occurs while the patient is on the
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143	143	premises of the nursing facility or in the care of a nursing
144	144	facility.
145	145	B. Except as provided by subsection C of this section, failure
146	146	by a nursing facility to renew the liability insurance policy or
147	147	contract or to maintain the policy o r contract in the required
148	148	amount may be grounds for license denial, revocation, or suspension
149	149	or other penalties imposed on the facility by the Department.
150	150	C. 1. If a nursing facility, for financial reasons or for lack
151	151	of availability of an underw riter willing to issue a policy, is
152	152	unable to secure the insurance required under subsection A of this
153	153	section, or if the policy limits are exha usted, the nursing facility
154	154	shall notify the patient, a relative, or guardian of each patient
155	155	for whom the nursing fac ility provides care that the liability
156	156	coverage is not provided . The nursing facility shall notify the
157	157	State Department of Health that coverage was not obtained under this
158	158	section. Provided, the nursing facility shall coordinate with the
159	159	Insurance Department and State Department of Health in an effort to
160	160	obtain coverage.
161	161	2. A nursing facili ty that meets the conditions and
162	162	requirements of paragraph 1 of this subsection shall no t be subject
163	163	to license denial, revocation, or suspension or other penalties
164	164	imposed by the Department solely on the bas is of failure by a
165	165	nursing facility to renew the liability insurance policy or contract
166	166	or to maintain the policy or c ontract in the required amount.
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218	218	D. The State Commissioner of Health shall prescribe a standard
219	219	form to be signed and dated by an insurance agen t licensed in this
220	220	state stating that the nursing facility has an unexpired and va lid
221	221	insurance policy or contract of at least One Million Dollars
222	222	($1,000,000.00) that meets the requireme nts of this section. This
223	223	form shall be completed annuall y in the form and manner prescribed
224	224	by the Commissioner.
225	225	E. 1. The Commissioner shall prescribe a standard form for the
226	226	facility to provide to patients, relatives , or guardians notifying
227	227	the patients, relatives , or guardians that the facility does not
228	228	carry liability insurance for the reasons allowed in su bsection C of
229	229	this section. This form shall be signed and dated by a patient,
230	230	relative, or guardian and shall be maintained in the file of the
231	231	patient.
232	232	2. If the facility is without insurance for reasons provided
233	233	for in subsection C of this section for longer than one (1) year ,
234	234	the facility shall update the form provided to patients, relatives,
235	235	or guardians under this subsection with signatures and dates
236	236	annually.
237	237	F. In no case shall the inability to obtain coverage under
238	238	subsection C of this section serve to indemnify the nursing facility
239	239	due to negligence.
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291	291	SECTION 2. NEW LAW A new section of law to be codified
292	292	in the Oklahoma Statutes as Sect ion 2357.411 of Title 68, unless
293	293	there is created a duplication in numbering, reads as follows:
294	294	A. For tax years 2025 and subseq uent years, there shall be
295	295	allowed a credit against the tax imposed pursuant to Section 2355 of
296	296	Title 68 of the Oklahoma Statu tes for nursing facilities in this
297	297	state paying liability insurance coverage premiums.
298	298	B. The credit authorized by subsection A of this section may be
299	299	claimed only if the facili ty maintains compliance with the
300	300	provisions of Section 1 of this act for the entire tax year.
301	301	C. The credit authorized by subsection A of this section shall
302	302	be in the amount of fifty percent ( 50%) of the premiums paid for
303	303	liability insurance coverage of at least One Million Dollars
304	304	($1,000,000.00) and twenty-five percent (25%) of the prem iums paid
305	305	for liability insurance coverage of at least Five Hundred Thousand
306	306	Dollars ($500,000.00) but less than One Million Dollars
307	307	($1,000,000.00).
308	308	D. The credit authorized by subsection A of this section shall
309	309	not be used to reduce the tax liabil ity of the qualified employer to
310	310	less than zero (0). Credits allowed but not us ed in a tax year may
311	311	be carried forward three (3) subsequent tax years.
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313	313	59-2-3360 DC 12/15/2023 6:47:56 PM

Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1485 Compare Versions