Oklahoma HB2931 amends the Oklahoma Life and Health Insurance Guaranty Association coverage to increase the guarantee fund for annuities.
Oklahoma HB2931 amends the Oklahoma Life and Health Insurance Guaranty Association coverage by increasing the guarantee fund for annuities. The bill specifies exclusions from coverage, such as policies not guaranteed by the insurer, reinsurance policies, and certain interest-based changes in value. It also outlines coverage limits for different types of insurance and annuities, including life insurance, health insurance, and structured settlement annuities. The changes are set to take effect on November 1, 2026.
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- Legal Framework
- Critical Issues
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