Oklahoma SB1916: Insurance Department; creating certain division within the Insurance Department; establishing powers for certain conservator; allowing contacts. Effective date.

What the bill says

An Act relating to the Insurance Department; amending 36 O.S. 2021, Sections 301, 1802, 1804, and 1805, which relate to supervisors and conservators of insurers; creating certain division within the Insurance Department; defining terms; modifying definitions; establishing certain powers for certain supervisor; updating statutory language; establishing certain powers for certain conservator; updating statutory references; allowing the Insurance Commissioner to employ or contract with certain persons; establishing certain expenses as fixed by the Commissioner…

From the enrolled text, May 6, 2026:

An Act relating to the Insurance Department; amending 36 O.S. 2021, Sections 301, 1802, 1804, and 1805, which relate to supervisors and conservators of insurers; creating certain division within the Insurance Department; defining terms; modifying definitions; establishing certain powers for certain supervisor; updating statutory language; establishing certain powers for certain conservator; updating statutory references; allowing the Insurance Commissioner to employ or contract with certain persons; establishing certain expenses as fixed by the Commissioner; allowing the Commissioner to audit certain persons or books; establishing certain expenses as cost of administration; prohibiting records to be considered certain records; prohibiting disclosure of certain records in certain situations; construing provisions; establishing immunity of certain persons; amending 36 O.S. 2021, Sections 1901, as last amended by Section 1, Chapter 371, O.S.L. 2023, and 1914 (36 O.S. Supp. 2025, Section 1901), which relate to rehabilitation and liquidation; defining terms; modifying definitions; prohibiting records to be considered certain records; prohibiting disclosure of certain records in certain situations; construing provisions; allowing the Commissioner to employ or contract with certain persons; establishing certain expenses as fixed by the Commissioner; allowing the Commissioner to audit certain persons or books; establishing certain expenses as cost of administration; construing provisions; authorizing the Oklahoma Receivership Office to deposit certain funds; allowing combining of certain funds; establishing use of certain funds; establishing certain immunity …