Oklahoma legislation · 2026 Regular Session
Oklahoma HB3048: Insurance; Unauthorized Insurers and Surplus Lines Insurance Act; surplus lines insurer; brokers; producers; agents; repealer; effective date.
Status: In committee, April 21, 2026
What the bill says
An Act relating to insurance; amending 36 O.S. 2021, Section 1100.1, which relates to definitions used in the Unauthorized Insurers and Surplus Lines Insurance Act; modifying definitions; defining terms; amending 36 O.S. 2021, Section 1101, which relates to representation of unauthorized insurers prohibition; expanding statute to include nonadmitted insurers selling nonadmitted insurance coverage; amending O.S. 2021, Section 1101.1, which relates to domestic surplus line insurers; removing licensee; amending O.S…
From the engrossed text, April 20, 2026:
An Act relating to insurance; amending 36 O.S. 2021, Section 1100.1, which relates to definitions used in the Unauthorized Insurers and Surplus Lines Insurance Act; modifying definitions; defining terms; amending 36 O.S. 2021, Section 1101, which relates to representation of unauthorized insurers prohibition; expanding statute to include nonadmitted insurers selling nonadmitted insurance coverage; amending O.S. 2021, Section 1101.1, which relates to domestic surplus line insurers; removing licensee; amending O.S. 2021, Section 1103, which relates to service of process on a surplus lines insurer; establishing that nonadmitted insurers assuming insurance in this state are subject to this act; permitting suits against nonadmitted insurer; amending 36 O.S. 2021, Section 1106, which relates to surplus lines and brokers; permitting purchase of insurance from eligible surplus lines insurers; directing for surplus lines insurance to be procured through a licensed surplus lines broker in insured's home state; amending O.S. 2021, Section 1107, as amended by Section 4, Chapter 195, O.S.L. 2024 (36 O.S. Supp. 2025, Section 1107), which relates to multistate risk, required application and informational filings, and fee payments; modifying statute to apply to only surplus lines brokers and not licensees; amending 36 O.S. 2021, Section 1108, which relates to recognized surplus lines; requiring surplus lines broker to provide insured the policy or other evidence of insurance within thirty days; providing required content of …