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Bill > HB4286
OK HB4286
OK HB4286Insurance; credit information; credit-based insurance scores; restricted; effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to insurance; prohibiting insurers from using credit information or credit-based insurance scores; clarifying information not restricted; amending 36 O.S. 2021, Section 3623.1, as amended by Section 4, Chapter 154, O.S.L. 2022 (36 O.S. Supp. 2025, Section 3623.1), which relates to policy or membership fees; repealing 36 O.S. 2021, Section 953, which relates to insurers that use credit information; repealing 36 O.S. 2021, Section 953.1, which relates to exceptions for insurers that use credit information; providing for codification; and providing an effective date.
AI Summary
This bill prohibits insurance companies from using credit information or credit-based insurance scores when making decisions about denying, canceling, or not renewing personal insurance policies, or when setting policy rates. A credit-based insurance score is a numerical representation of a person's credit history used by insurers. The bill clarifies that insurers can still obtain and use their own payment history, information from insurance claims history reports, or other non-credit-related reports. It also amends existing law to remove "credit score fees" from a list of permissible fees that can be added to insurance premiums, and repeals two sections of Oklahoma Statutes that previously allowed insurers to use credit information. This legislation is set to take effect on November 1, 2026.
Committee Categories
Business and Industry
Sponsors (14)
Andy Fugate (D)*,
Arturo Alonso-Sandoval (D),
Amanda Clinton (D),
Mickey Dollens (D),
Ellyn Hefner (D),
Annie Menz (D),
Cyndi Munson (D),
Ellen Pogemiller (D),
Melissa Provenzano (D),
Trish Ranson (D),
Suzanne Schreiber (D),
Ronald Stewart (D),
Aletia Timmons (D),
John Waldron (D),
Last Action
Referred to Insurance (on 02/03/2026)
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=hb4286&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB4286%20INT.PDF |
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