Oklahoma

Oklahoma has enacted House Bill 1084 which establishes new definitions and states that under an auto collision or comprehensive policy, residential property insurance policy, or commercial property insurance policy, a person should not request or accept a post-loss insurance benefit assignment for property damage. The bill specifies that an assignment agreement is against public policy and will be null and void.

On April 22, 2025, the Oklahoma Insurance Department issued Bulletin No. 2025-02 to all property and casualty insurers licensed in the state regarding the Oklahoma Market Assistance Program (OK-MAP) annual assessment.

On August 22, 2024, the Oklahoma Insurance Department (OID) issued Bulletin No. 2024-07, notifying insurers of rule changes and requiring certain insurers to file a Market Survey Attestation.

Oklahoma has enacted Rule 365:15-1-26, requiring insurers to conduct a market survey of the prices charged by certain repair facilities to establish a competitive price for motor vehicle repairs. The surveys should be updated sufficiently to reflect current market conditions. Upon request from the Department, insurers must provide copies of the surveys within 20 days.

Oklahoma recently enacted Senate Bill 542. Among other provisions, this Bill requires insurers under the jurisdiction of the Insurance Commissioner to keep any contact information deemed necessary on file with the Insurance Department. The contact information must be kept current and submitted electronically in the way prescribed. Any change in contact information should be submitted within 20 days of the change. The Bill goes into effect on November 1, 2024.