An Act relating to health insurance; defining short term, limited-duration insurance; exempting certain policies from certain law; precluding certain policies from definition; providing benefit limitations for certain policies; requiring certain notice; authorizing offer of additional benefit plans; applying certain act to certain policies; providing for codification; and providing an effective date. SB 993 exempts short-term, limited-duration insurance (STLDI) policies from the provisions of the Health Insurance Portability and Accountability Act of 1996 and medical loss ratio calculations. An STLDI is individual health insurance provided by an insurer that has an expiration date specified in the contract that is less than twelve months and has a duration of no longer than 36 months in total. The measure provides for an STLDI to limit its coverage. Applicants for the policy must be notified that the coverage may not contain one or more of the benefits mandated by Oklahoma law and must specify provided benefits.