Oklahoma SB726 amends insurance laws to require insurers to submit written offers of settlement or rejection of claims within 60 days of receiving.
Oklahoma SB726 modifies insurance regulations by mandating that insurers provide forms for proof of loss upon request and submit written offers of settlement or rejection of claims within 60 days of receiving proof of loss. The bill also specifies that insurers are not responsible for the completion of proof of loss forms. This amendment does not apply to uninsured motorist coverage or property insurance. The changes will take effect on November 1, 2025.
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