Bill > HB2933

Introduced Session

An Act relating to insurance; directing that personal and commercial property insurers shall file certain report by specified date; providing manner in which report shall be filed; providing required content of report; clarifying that reports shall be treated as working papers and documents; permitting Insurance Commissioner to use reports to determine whether market conduct examination or investigation should be conducted; establishing penalty for violation; amending Section 7, Chapter 345, O.S.L. 2024 (36 O.S. Supp. 2025, Section 322), which relates to penalties enforced by the Insurance Department; modifying penalties the Insurance Commissioner may enforce; amending Section 19, Chapter 345, O.S.L. 2024, as amended by Section 2, Chapter 195, O.S.L. 2024 (36 O.S. Supp. 2025, Section 908), which relates to administrative penalties enforced by the Insurance Department; modifying administrative penalties the Insurance Commissioner may enforce; amending 36 O.S. 2021, Section 942, which relates to motor vehicle liability or collision policies; clarifying traffic records not to be used by insurers in modifying rates or determining refusal or renewal of a policy; amending 36 O.S. 2021, Section 943, which relates to circumstances insurers are prohibited from canceling, increasing rates, or refusing to issue or renew motor vehicle policies; prohibiting insurers from canceling, refusing to renew or terminate, or increasing policy premiums based on first claim against policy; clarifying circumstances under which policies may be canceled, not renewed or terminated, or premiums increased; amending 36 O.S. 2021, Section 961, which relates to premium discounts or rate reductions for resistance to tornado or other wind events; modifying circumstances under which insurance companies shall provide a premium discount or rate reduction; modifying citations; amending 36 O.S. 2021, Section 962, which relates to premium discount or rate reduction for resistance to tornado or other wind events for retrofit properties; modifying circumstances under which insurance companies shall provide a premium discount or rate reduction; modifying citations; amending 36 O.S. 2021, Section 1211, which relates to civil penalties related to unfair methods of competition or unfair and deceptive acts or practices; modifying civil penalties; amending 36 O.S. 2021, Section 1204, as amended by Section 16, Chapter 360, O.S.L. 2024 (36 O.S. Supp. 2025, Section 1204), which relates to unfair methods of competition and unfair or deceptive acts or practices; directing insurers providing certain additional coverage consider all building codes as being strictly enforced; amending 36 O.S. 2021, Section 1212, which relates to powers vested in the Insurance Commissioner; modifying applicability of powers; amending 36 O.S. 2021, Section 1250.4, which relates to claim files and responses to inquiries; modifying timeline for response to Insurance Commissioner inquiries; establishing that the Insurance Commissioner's dispute resolution program shall be subject to the laws and protections of the Dispute Resolution Act; establishing that only the policyholder may request mediation; making mediation voluntary except under listed circumstances; defining term; requiring claims to be submitted and fully processed through the Insurance Department's consumer complaint program before qualifying for mediation; requiring all parties to negotiate in good faith; clarifying dispute is not required to be resolved in mediation; providing procedure for rescinding settlement by policyholder; providing procedure for mediation conference; establishing when an insurer will be deemed to have failed to appear; establishing penalty for violation by insurer; permitting Insurance Commissioner rule-making authority; amending 36 O.S. 2021, Section 1250.6, which relates to property and casualty insurers, receipt of claims, and inquiries from the Insurance Commissioner; modifying timeline for insurers to acknowledge receipt of claim; requiring acknowledgement include Homeowner Claims Bill of Rights; requiring insurer to send detailed estimate where applicable; requiring insurers issuing a personal lines residential property insurance policy to include Homeowner Claims Bill of Rights; providing minimum statement of Homeowner Claims Bill of Rights; establishing violation shall be a violation of the Unfair Claims Settlement Practices Act; amending 36 O.S. 2021, Section 1250.7, which relates to denial or acceptance of claims by property and casualty insurer; modifying timeline for acceptance or denial of claim; requiring claimant be notified in writing; requiring insurer provide reasonable explanation of payment less than specified in insurer's detailed estimate; establishing interest rate for untimely payments; prohibiting the waiver of subsection; clarifying failure to comply does not form sole basis for private cause of action; establishing policyholder right to request a physical, in-person inspection; amending 36 O.S. 2021, Section 1250.14, which relates to violations and penalties of the Unfair Claims Settlement Practices Act; modifying penalties the Commissioner may enforce under the Unfair Claims Settlement Practices Act; amending 36 O.S. 2021, Section 3639.1, which relates to personal residential insurance; prohibiting certain terminations; prohibiting certain actions by insurers for claims occurring more than five years before policy effective date or renewal; directing that insurers shall not refuse underwriting risk for homeowner's insurance in certain cases; prohibiting certain actions by insurers for certain claims; providing exceptions; directing that insurers may only consider at-fault motor vehicle claims history in provided time frame; prohibiting insurer from reducing coverage or refusing to issue or renew homeowner's policy based solely on use of aerial imaging; prohibiting insurers from reducing coverage or refusing to issue or renew homeowner's policy based solely on age of roof less than fifteen years old; requiring insurers to allow homeowners have a roof inspection; providing procedure for calculating roof's age; providing for codification; and providing an effective date.

AI Summary

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Aaron Reinhardt (R)*,  Mark Tedford (R)*, 

CR; Do Pass, amended by committee substitute Judiciary and Public Safety Oversight Committee (on 02/26/2026)

Official Document