HB4228

Oklahoma HB4228 limits public insurance adjusters' commissions to 10% or $100,000, whichever is less.

Oklahoma HB4228 amends the law to cap the total commission payable to a public insurance adjuster at either 10% or $100,000, whichever is less, of the insurance settlement amount. This applies to all costs, including expenses and direct costs, incurred by the adjuster. The amendment provides a clear limit on the financial compensation public insurance adjusters can receive.