Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1559

Introduced
2/5/24  
Refer
2/6/24  
Report Pass
2/6/24  
Engrossed
3/18/24  
Refer
3/25/24  
Report Pass
3/26/24  
Enrolled
4/17/24  

Caption

Office of Management and Enterprise Services; prohibiting risk management director from directing certain insurance purchases for institutions of higher education. Effective date.

Impact

The legislation modifies how risk management will be conducted by involving various state agencies, including public trusts and institutions of higher education. By excluding specific entities from the requirement of following directives from the risk management administrator, it facilitates these institutions in making independent insurance decisions. This change could impact the financial operations of these institutions as they may seek out competitive insurance options that better fit their unique needs and circumstances.

Summary

Senate Bill 1559 aims to reform the Office of Management and Enterprise Services (OMES) functions, specifically concerning the state's risk management program. This bill stipulates that the risk management administrator is prohibited from directing certain insurance purchases for institutions of higher education. It emphasizes the importance of allowing these institutions some autonomy in their insurance decisions while maintaining the overall risk management framework provided by OMES. The bill is set to be effective from November 1, 2024.

Sentiment

Overall sentiment around SB1559 appears to be supportive, particularly among higher education advocates who appreciate the push for greater autonomy in insurance matters. However, there may be concerns regarding the consistency of risk management practices statewide, as allowing individual institutions the authority to choose their insurance coverage could lead to varied approaches, potentially complicating oversight and standardization across state agencies.

Contention

While the bill has received broad support, there are notable discussions surrounding the extent of autonomy granted to institutions of higher education versus the need for a cohesive state-level risk management strategy. Opponents may express concerns that this shift could weaken the integration of risk management practices across public entities, potentially leading to gaps in coverage or inconsistent practices that could affect liability and risk exposure at the state level.

Companion Bills

No companion bills found.

Previously Filed As

OK SB901

Office of Management and Enterprise Services; prohibiting Office from promoting or marketing certain insurance products. Effective date.

OK SB901

Office of Management and Enterprise Services; prohibiting Office from promoting or marketing certain insurance products. Effective date.

OK SB1700

Purchasing; directing the Purchasing Division of the Office of Management and Enterprise Services to create certain portal. Effective date.

OK HB3357

State government; Department of Central Purchasing; Central Purchasing Division; Director; Office of Management and Enterprise Services; effective date.

OK SB195

Apprenticeships, Internships and Mentorships (AIM) Act of 2016; directing the Office of Management and Enterprise Services to obtain certain insurance coverage. Effective date. Emergency.

OK SB195

Apprenticeships, Internships and Mentorships (AIM) Act of 2016; directing the Office of Management and Enterprise Services to obtain certain insurance coverage. Effective date. Emergency.

OK SB89

State employees; directing Office of Management and Enterprise Services to establish procedure for conversion of certain unused leave. Effective date.

OK SB89

State employees; directing Office of Management and Enterprise Services to establish procedure for conversion of certain unused leave. Effective date.

OK SB270

Central purchasing; requiring certain vendors to submit certain information with competitive bid; directing Office of Management and Enterprise Services to conduct annual audits of certain vendors. Effective date.

OK SB270

Central purchasing; requiring certain vendors to submit certain information with competitive bid; directing Office of Management and Enterprise Services to conduct annual audits of certain vendors. Effective date.

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OK SB1460

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