may I ask a clarification; are you saying that if you have a non O-A 1 year visa, you can exit and return to Thailand as many times as you want without having had to purchase a multiple re-entry permit?
Could I also just observe that there are certain exceptions where a person with O-A visa does not require health insurance, for example, if the original stay in Thailand was based on a Business visa.
As well as updated passbook, your bank needs to provide last 2 months statement and a letter confirming balance and status of account. Usually, immigration will accept these dated a few days before your application.