Bill
Bill > SB1245
OK SB1245
Insurance; prohibiting Insurance Commissioner from having financial interest in entity regulated by the Insurance Department. Effective date.
summary
Introduced
02/07/2022
02/07/2022
In Committee
04/06/2022
04/06/2022
Crossed Over
03/08/2022
03/08/2022
Passed
05/02/2022
05/02/2022
Dead
Signed/Enacted/Adopted
05/03/2022
05/03/2022
Introduced Session
2022 Regular Session
Bill Summary
An Act ENROLLED SENATE BILL NO. 1245 By: Quinn and Jett of the Senate and Russ of the House An Act relating to insurance; amending 36 O.S. 2021, Section 302, which relates to the Insurance Commissioner; prohibiting the Insurance Commissioner from being financially interested in certain entities; updating statutory language; and providing an effective date. SUBJECT: Insurance Commissioner qualifications
AI Summary
This bill amends the existing law to prohibit the Insurance Commissioner from having any financial interest, either directly or indirectly, in any entity regulated by the Oklahoma Insurance Department, except as a policyholder or claimant under a policy. It also updates the statutory language to refer to "this state" instead of "the State of Oklahoma." The bill will become effective on November 1, 2022.
Committee Categories
Business and Industry, Labor and Employment
Sponsors (3)
Last Action
Approved by Governor 05/03/2022 (on 05/03/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1245&Session=2200 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20ENR/SB/SB1245%20ENR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20FLR/HFLR/SB1245%20HFLR.PDF |
| Fiscal Note/Analysis - House: Engrossed | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20SUPPORT%20DOCUMENTS/BILLSUM/House/SB1245%20ENGR%20BILLSUM.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20ENGR/SB/SB1245%20ENGR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20FLR/SFLR/SB1245%20SFLR.PDF |
| Fiscal Note/Analysis - Senate: Introduced | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1245%20INT%20BILLSUM.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20INT/SB/SB1245%20INT.PDF |
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