SB 2019 Oklahoma Senate · 2026 Regular Session

Insurance guaranty fund; creating the Political Subdivision Liability Insurance Guaranty Program; creating board. Effective date.

SB 2019 creates Oklahoma's Political Subdivision Liability Insurance Guaranty Program to protect local governments (like cities, counties, and school districts) from excessive liability judgments. It establishes a new fund administered by a seven-member board appointed by the Governor, Senate President, and House Speaker, with at least half of members representing local government. The program will cover costs for qualifying judgments, operational expenses, and training to prevent claims, with fund monies (including interest) reserved exclusively for these purposes. The fund is not subject to annual appropriation and will be audited like state funds. The program becomes effective November 1, 2026.

Bill status died 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Mar 12, 2026

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What changed between versions

Introduced → Floor (Senate) · 4 edits

MODERATE

The bill was amended to add a new requirement for the Board to hold quarterly meetings starting by March 31, 2027, with leadership elected at the first meeting. Additionally, Section 2 was modified to clarify that fund expenditures can cover operating costs, attorney fees, and other reasonable Board expenses beyond just insuring political subdivisions. A committee report was also added indicating the bill passed as amended.

Scope change

The bill's scope was slightly expanded to include Board operating costs and attorney fees as allowable fund expenditures, and new procedural requirements were added for Board meetings and leadership elections.

REQUIREMENT

New requirement added that Board meetings must be held at least quarterly, with the first meeting no later than March 31, 2027.

New provision requiring the Board to elect a chair and vice chair from among its members at the first meeting.

FISCAL

Section 2 was modified to explicitly allow fund expenditures for Board operating costs, attorney fees, and other reasonable costs incurred in performing duties, in addition to insuring political subdivisions.

TECHNICAL

Committee report added indicating the bill passed as amended on February 17, 2026.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 17, 2026

Committee

Referred to Appropriations

upper

Feb 17, 2026

Upper · Passed

Reported Do Pass as amended Local and County Government committee; CR filed

upper

Feb 2, 2026

Introduced

First Reading

upper

2 primary · 0 co-sponsors