HB4286

Oklahoma HB4286 prohibits insurers from using credit information or credit-based scores in personal insurance decisions.

Oklahoma HB4286 amends state insurance law to prohibit insurers from using credit information or credit-based insurance scores in decisions to deny, cancel, or nonrenew personal insurance policies or to set rates. The bill also clarifies that fees such as installment fees, service charges, and policy fees are not considered premium and are subject to premium tax. The act repeals existing sections related to insurers using credit information and takes effect November 1, 2026.