Oklahoma HB4488: Insurance; motor vehicle total loss or damage claim; appraisal process; requiring policies to include certain provision; claim notification; effective date.

What the bill says

From the engrossed text, March 26, 2026:

ENGR OSSED HOUSE BILL NO. 4488 By: Townley of the House and Hamilton of the Senate [ insurance - motor vehicle - total loss or damage claim - appraisal process - motor vehicle insurance policies - disputes - codification - effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 36 O.S. 2021, Section 1250.8, is amended to read as follows: Section 1250.8. A. If an insurance policy or insurance contract provides for the adjustment and settlement of first-party motor vehicle total losses, on the basis of actual cash value or replacement with another of like kind and quality, one of the following methods shall apply: 1. An insurer may elect to offer a replacement motor vehicle which is a specific comparable motor vehicle available to the insured, with all applicable taxes, license fees, and other fees incident to the transfer of evidence of ownership of the motor ENGR. H. B. NO. 4488 Page vehi cle paid, at no cost to the insured other than any deductible provided in the policy. The offer and any rejection thereof shall be documented in the claim file; or 2. An insurer may elect a cash settlement based upon the actual cost, less any deductible provided in the policy, to purchase a comparable motor vehicle, including all …

Read the full official text

Sponsors

• Tammy Townley (R, HD-048) · primary sponsor

Latest actions

1. April 1, 2026: Second Reading referred to Business and Insurance
2. March 26, 2026: First Reading
3. March 26, 2026: Engrossed, signed, to Senate
4. March 25, 2026: Referred for engrossment
5. March 25, 2026: Third Reading, Measure passed: Ayes: 64 Nays: 30
6. March 25, 2026: Title stricken
7. March 25, 2026: Amended
8. March 25, 2026: General Order
9. March 9, 2026: Authored by Senator Hamilton (principal Senate author)
10. March 9, 2026: CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee

Votes

• Third Reading (March 25, 2026): 64 yea, 30 nay, passed
• Floor Vote (March 5, 2026): 14 yea, 0 nay, passed
• Insurance Committee (February 17, 2026): 7 yea, 0 nay, passed
• Floor Vote (February 17, 2026): 7 yea, 0 nay, passed

Common questions

What is HB4488?

HB4488 is a bill in the Oklahoma Legislature (2026 Regular Session): Insurance; motor vehicle total loss or damage claim; appraisal process; requiring policies to include certain provision; claim notification; effective date.

What is the status of HB4488?

In committee as of April 1, 2026. Latest action: Second Reading referred to Business and Insurance (April 1, 2026).

Who sponsored HB4488?

Tammy Townley (R, HD-048).

Where is the official record for HB4488?

On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB4488&Session=2600