Insurance; personal and commercial property; report; Insurance Commissioner; liability or collision; insurer; mediation; Homeowner Claims Bill of Rights; claims; effective date.

Summary

HB 2933 requires all personal and commercial property insurers in Oklahoma to file electronic quarterly reports with the Insurance Department that detail policy numbers, premiums, claims activity and other key data. It also revises insurance statutes to protect homeowners by banning cancellations or premium hikes after a first claim, requiring the Homeowner Claims Bill of Rights in policies, and setting clear timelines for claim acknowledgment, estimates and payment. The bill adds a voluntary mediation option and gives the Insurance Commissioner authority to use the reports for market‑conduct investigations.

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