HB3804

Oklahoma HB3804 mandates property insurance policies to cover structural loss from abandoned oil and gas wells.

Oklahoma HB3804 requires property insurance policies to cover structural loss from abandoned oil or gas wells. It defines "abandoned well" and mandates coverage for losses caused by subsidence, gas migration, or wellbore failure. The bill prohibits insurers from excluding, limiting, or denying coverage on certain grounds and voids inconsistent exclusions, limitations, or endorsements. It grants insurers the right of subrogation to recover from prior operators, surface owners, the Oklahoma Orphan Well Fund, or other responsible parties. The act becomes effective November 1, 2026.