Oklahoma HB1501 limits public insurance adjusters' compensation to 10% of insurance settlements for entities under The Governmental Tort Claims Act.
Oklahoma HB1501 establishes a cap on the total commission for public insurance adjusters, limiting it to 10% of the insurance settlement amount for entities subject to The Governmental Tort Claims Act. This includes expenses, direct costs, or any other costs accrued by the public insurance adjuster. The bill aims to provide clear compensation guidelines for public adjusters and takes effect on November 1, 2025.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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