Oklahoma HB2929 regulates homeowner's insurance policy terminations, premiums, and renewals, limiting insurers' consideration of past claims.
Oklahoma HB2929 amends insurance laws to restrict insurers from canceling, refusing to renew, or increasing premiums for homeowner's insurance based on claims older than five years. Insurers cannot refuse coverage due to a single claim within the policy period. The bill also mandates insurers to provide written renewal notices and prohibits them from considering at-fault motor vehicle claims older than five years. Effective immediately upon enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.