HB 2933: Insurance; personal and commercial property; report; Insurance Commissioner; liability or collision; insurer; mediation; Homeowner Claims Bill of Rights; claims; effective date. - Oklahoma

Floor (House) → Floor (Senate) · 5 edits

MODERATE

The bill was amended to transition from a House version to a Senate version, which includes significant updates to reporting requirements, penalty amounts, and the scope of covered insurance policies. The Senate version clarifies that reports must be filed electronically and adds specific data points regarding claims and dispute resolution. Additionally, it increases the maximum civil penalties for violations and expands the definition of covered policies to include commercial residential property.

Scope change

The scope of the reporting requirement was expanded to include commercial residential property policies, and the requirement to file reports was clarified to be electronic.

REQUIREMENT

Changed the reporting format to require electronic filing with the Insurance Department in the manner prescribed by the Commissioner.

Added specific data requirements for the supplemental report, including details on claims opened/closed/pending and the use of alternative dispute resolution.

ENFORCEMENT

Increased the maximum civil penalty for repeated violations from $5,000 to $10,000 per occurrence.

SCOPE

Expanded the scope of the reporting requirement to include commercial residential property insurance policies in addition to personal lines.

TIMELINE

Updated the deadline for filing the initial supplemental report from an unspecified date to March 31, 2028.

Senate Committee Substitute for House Bill → Floor (House) · 3 edits

MINOR

The bill was reclassified from a 'Committee Substitute' to the 'Floor Version' after passing the House, indicating it is now ready for final passage. The summary of the bill's contents was updated to reflect a change in the legal citation for administrative penalties, shifting from Chapter 345 to Chapter 345, Section 19. Additionally, the summary of the dispute resolution section was expanded to include new procedures for when an insurer is deemed to have failed to appear in mediation and the establishment of specific penalties for such violations.

TECHNICAL

The bill's header was updated to reflect its status as the House Floor version, replacing the previous Committee Substitute designation.

The summary of the bill was edited to change a legal citation regarding administrative penalties from 'Section 7, Chapter 345' to 'Section 19, Chapter 345'.

REQUIREMENT

The summary of the dispute resolution process was expanded to include new rules for when an insurer is considered to have failed to appear and specific penalties for violating these rules.

House Committee Substitute → Senate Committee Substitute for House Bill · 3 edits

MINOR

The bill was revised to add two new sponsors from the Senate and update the legislative session details. The primary substantive change involves reordering the summary of amendments to align with the bill's final structure, specifically moving the section on premium discounts for wind resistance to appear earlier in the list of changes. Additionally, a new provision was added to remove certain continuation requirements for the Strengthen Oklahoma Homes (SOH) Program.

Scope change

The bill's scope remains focused on insurance regulation, but the summary now explicitly highlights the removal of continuation requirements for the SOH Program, which may alter how the program operates or ends.

ELIGIBILITY

Added two new sponsors (Hill and Adams of the House; Reinhardt of the Senate) to the bill's authorship list.

TECHNICAL

Reordered the summary of amendments to place the wind resistance premium discount section before the administrative penalties section, improving logical flow.

REQUIREMENT

Added a provision to amend the Strengthen Oklahoma Homes (SOH) Program by removing certain continuation requirements.

Proposed Policy Committee Substitute 1 → House Committee Substitute · 3 edits

MINOR

The bill was completely rewritten to remove the 'Proposed Policy Committee' label and update the text to reflect the House Committee's amendments. The substantive content remains focused on insurance regulations, including reporting requirements, penalty modifications, and protections against rate increases based on first claims.

Scope change

The bill's scope was technically narrowed by removing the 'Proposed Policy Committee' designation, changing the document type to a standard 'Committee Substitute' for the House of Representatives.

TECHNICAL

Removed the 'Proposed Policy Committee Substitute' title and header, replacing it with 'Committee Substitute' to align with the House Committee's version of the bill.

Updated the page number reference from 'Req. No. 16127' to 'Req. No. 16817'.

REQUIREMENT

Added a new requirement for insurers to acknowledge receipt of claims within a specified timeline.

Engrossed → Proposed Policy Committee Substitute 1 · 10 edits

MAJOR

The bill was replaced with a new version from the Policy Committee that completely rewrites the text, removing the original Engrossed version. This change updates the bill's title and summary to reflect new provisions regarding insurance reporting, penalties, and dispute resolution procedures.

Scope change

The bill's scope has been updated to include new requirements for insurance reports and modified penalties for violations, while also clarifying rules on traffic records and policy cancellations.

TITLE

The bill title was changed to 'PROPOSED POLICY COMMITTEE SUBSTITUTE' to indicate this is a revised version from the committee.

REQUIREMENT

The summary of the bill's requirements was updated to include new details about how reports are filed and treated as working papers.

Rules regarding traffic records and their use by insurers for rate modifications or policy renewals were clarified.

Circumstances under which insurers can cancel, refuse to renew, or increase premiums based on first claims were clarified.

Provisions for premium discounts related to tornado or wind resistance were modified, including changes to building code enforcement considerations.

Timelines for responding to Insurance Commissioner inquiries were modified.

Dispute resolution procedures were clarified, including making mediation voluntary except in specific circumstances and requiring claims to be processed through the consumer complaint program first.

Timelines for insurers to acknowledge receipt of claims were modified.

ENFORCEMENT

Penalties for violations were modified, including changes to penalties enforced by the Insurance Commissioner.

Civil penalties related to unfair competition or deceptive acts were modified.

Introduced → Engrossed · 3 edits · Mar 24, 2026

MINOR

The bill was amended to update the list of statutes it modifies, replacing references to the 2024 legislative session with the 2025 supplement. Additionally, the bill was reorganized to move the detailed summary of changes from the beginning of the document to the end, ensuring the full scope of amendments regarding insurance reporting, penalties, and claims procedures is clearly listed before the actual legal text begins.

Scope change

The substantive scope of the bill remains unchanged; the modifications are limited to updating statutory citations and reformatting the document structure.

TECHNICAL

Updated references to the 2024 legislative session (O.S.L. 2024) to reflect the 2025 supplement (O.S. Supp. 2025) in the summary section.

Reordered the document structure by moving the comprehensive list of amended statutes from the top of the page to the bottom, before the 'BE IT ENACTED' clause.

Adjusted line numbers and page headers to reflect the new formatting layout.

Insurance; personal and commercial property; report; Insurance Commissioner; liability or collision; insurer; mediation; Homeowner Claims Bill of Rights; claims; effective date.

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