Bill > HB3089

Introduced Session

An Act relating to insurance; establishing the Strengthen Oklahoma Homes Act; establishing the Strengthen Oklahoma Homes (SOH) Program within the Department of Insurance for certain period of time; clarifying applicability of program; directing Department to make certain efforts to obtain funds; describing qualifying entities for program grants; permitting Insurance Commissioner to promulgate rules and requirements; providing list of requirements; directing for electronic filing of applications; clarifying confidentiality of grant applications; directing use of grants for residential properties; providing time limit; requiring certificate before payment of grant funds; directing who shall pay grant funds; directing that applications are first-come, first-served; permitting entities providing funds to program to establish certain additional rules and guidelines; permitting Insurance Department to conduct inspections; directing residential property owners to hire contractors with certain certification; prohibiting the Insurance Department from making endorsements; clarifying responsibility for owed amounts beyond grant; providing requirements for contractor eligibility; providing requirements for evaluator eligibility; creating the Strengthen Oklahoma Homes Revolving Fund; directing for deposit of certain monies; permitting Insurance Commissioner to transfer certain funds; providing for codification; and providing an effective date. SUBJECT: Insurance

AI Summary

Committee Categories

Dewayne Pemberton (R)*,  Mark Tedford (R)*,  Ellyn Hefner (D),  Jacob Rosecrants (D), 

Approved by Governor 05/13/2024 (on 05/13/2024)

Official Document