Oklahoma legislation · 2026 Regular Session
Oklahoma HB2929: Insurance; homeowner's policy; terminations; premium; renewal; underwriting; at-fault motor vehicle claims; effective date.
Status: In committee, April 1, 2026
What the bill says
An Act relating to insurance; amending 36 O.S. 2021, Section 3639.1, which relates to cancellation, refusal to renew or increase premium of homeowner's insurance policy; prohibiting certain terminations; prohibiting certain actions by insurers for claims occurring more than five years before policy effective date or renewal; directing that insurers shall not refuse underwriting risk for homeowner's insurance in certain cases; prohibiting certain actions by insurers for certain claims; providing exceptions…
From the engrossed text, March 12, 2026:
An Act relating to insurance; amending 36 O.S. 2021, Section 3639.1, which relates to cancellation, refusal to renew or increase premium of homeowner's insurance policy; prohibiting certain terminations; prohibiting certain actions by insurers for claims occurring more than five years before policy effective date or renewal; directing that insurers shall not refuse underwriting risk for homeowner's insurance in certain cases; prohibiting certain actions by insurers for certain claims; providing exceptions; directing that insurers may only consider at-fault motor vehicle claims history in provided time frame; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 36 O.S. 2021, Section 3639.1, is amended to read as follows: Section 3639.1. A. No insurer shall cancel, refuse to renew or otherwise terminate, or increase the premium of a homeowner's insurance policy or any other personal residential insurance coverage, which has been in effect more than forty-five (45) days, solely because the insured filed a first claim against the policy. ENGR. H. B. NO. 2929 Page B. No insurer shall cancel, refuse to renew or otherwise terminate, or increase the premium of a homeowner's insurance policy or any other personal residential insurance coverage, including, but not limited to, flood insurance, because of a claim that occurred more than five (5) years before the effective date …