HB2933

Oklahoma HB2933 mandates personal and commercial property insurers to file quarterly reports with the Insurance Commissioner, detailing policy.

Oklahoma HB2933 requires insurers to submit quarterly reports to the Oklahoma Insurance Department, detailing statistics on policies, claims, and other relevant data. The bill also mandates insurers to provide policyholders with a Homeowner Claims Bill of Rights, outlining their rights during the claims process. Additionally, it prohibits insurers from reducing coverage, refusing to issue, or renewing homeowner's policies based solely on the age of the roof or the use of aerial imaging. The bill further establishes mediation procedures for resolving disputes between insurers and policyholders.