SB641

Oklahoma SB641 amends the Unfair Claims Settlement Practices Act to apply to all insurance claims.

Oklahoma SB641 amends the Unfair Claims Settlement Practices Act to ensure its provisions apply to all claims arising under an insurance policy or contract issued by any insurer. It defines an unfair claim settlement practice as any act committed flagrantly and in conscious disregard of the act or its rules. The bill provides an effective date for these changes.