HB1160

Modifies the Oklahoma Property and Casualty Insurance Guaranty Association Act.

Amends the Oklahoma Property and Casualty Insurance Guaranty Association Act to modify the purpose, applicability, and definitions. Clarifies the powers and duties of the Association, including the ability to join certain organizations, handle covered claims, and manage cybersecurity insurance policies. Specifies the conditions under which the Association can pay claims and the limitations on such payments. Establishes that certain records of the Association are confidential and not subject to inspection or disclosure. Provides for the effective date of the act.