HB3303

Oklahoma HB3303 mandates auto insurers to submit their accident investigation process to the Oklahoma Insurance Department, establishes penalties for.

Oklahoma HB3303 requires auto insurers to submit their accident investigation process to the Oklahoma Insurance Department by July 1, 2027, or upon initial application for licensure. Insurers must pay claims according to police reports if available. Insurers can challenge claims by requesting arbitration from the Oklahoma Insurance Department. Noncompliance with these provisions results in fines of up to $5,000 for a first offense and $10,000 for a second offense.