Bill > HB2930

This bill modifies Oklahoma's motor vehicle insurance regulations by expanding the types of traffic records insurance carriers can consider when setting rates or making policy decisions. Specifically, the bill allows insurers to look at traffic complaints, citations, and accident reports, but limits the lookback period to three years for most infractions (with some serious offenses like reckless driving extendable to five years). The bill also introduces a new protection for policyholders by preventing insurers from canceling, refusing to renew, or increasing premiums solely because an insured person files their first claim. The legislation maintains exceptions to this protection, such as nonpayment of premiums, fraud, certain serious driving offenses, and situations that would put the insurer in legal jeopardy. Additionally, the bill gives the Insurance Commissioner the authority to take disciplinary action against insurers who violate these regulations, including suspending their business certificate, issuing a censure, or imposing a fine. The bill is set to take effect on November 1, 2026, providing insurance companies and consumers ample time to prepare for the new regulations.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2930&Session=2600