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OK HB4228
OK HB4228Insurance; public insurance adjusters; total commission payable; limit; One Hundred Thousand Dollars; effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/09/2026
02/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to insurance; amending Section 1, Chapter 56, O.S.L. 2025 (36 O.S. Supp. 2025, Section 6224), which relates to public insurance adjusters and total commission payable; limiting total commission payable to either ten percent or One Hundred Thousand Dollars depending on which is less; and providing an effective date.
AI Summary
This bill amends existing law regarding public insurance adjusters, who are professionals hired by policyholders to help them negotiate insurance claims. The key provision limits the total commission a public insurance adjuster can receive to the lesser of ten percent (10%) of the insurance settlement amount or One Hundred Thousand Dollars ($100,000.00). This limit applies to claims made by entities covered under The Governmental Tort Claims Act, which is a law that governs lawsuits against state and local governments in Oklahoma. The bill also specifies an effective date of November 1, 2026.
Committee Categories
Justice
Sponsors (1)
Last Action
Referred to Rules (on 02/09/2026)
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=hb4228&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB4228%20INT.PDF |
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