| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | - | HB2681 HFLR Page 1 | |
| 4 | - | BOLD FACE denotes Committee Amendments. 1 | |
| 3 | + | Req. No. 6988 Page 1 1 | |
| 5 | 4 | 2 | |
| 6 | 5 | 3 | |
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| 27 | 26 | 24 | |
| 28 | 27 | ||
| 29 | - | HOUSE OF REPRESENTATIVES - FLOOR VERSION | |
| 30 | - | ||
| 31 | 28 | STATE OF OKLAHOMA | |
| 32 | 29 | ||
| 33 | 30 | 1st Session of the 58th Legislature (2021) | |
| 34 | 31 | ||
| 35 | - | COMMITTEE SUBSTITUTE | |
| 36 | - | FOR | |
| 37 | - | HOUSE BILL NO. 2681 By: Marti | |
| 32 | + | HOUSE BILL 2681 By: Marti | |
| 38 | 33 | ||
| 39 | 34 | ||
| 40 | 35 | ||
| 41 | 36 | ||
| 42 | 37 | ||
| 43 | - | ||
| 38 | + | AS INTRODUCED | |
| 44 | 39 | ||
| 45 | - | An Act relating to insurance; amending 36 O.S. 2011, | |
| 46 | - | Section 302, which relates to Insurance Commissioner | |
| 47 | - | qualifications; eliminating Insurance Commissioner | |
| 48 | - | financial interest prohibition; and providing an | |
| 49 | - | effective date. | |
| 40 | + | An Act relating to insurance; creating the Insurance | |
| 41 | + | Reform Act of 2021; providing for noncodification; | |
| 42 | + | and providing an effective date. | |
| 50 | 43 | ||
| 51 | 44 | ||
| 52 | 45 | ||
| 53 | 46 | ||
| 54 | 47 | ||
| 55 | 48 | ||
| 56 | 49 | ||
| 57 | 50 | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
| 58 | - | SECTION 1. AMENDATORY 36 O.S. 2011, Section 302, is | |
| 59 | - | amended to read as follows: | |
| 60 | - | Section 302. The Insurance Commissioner of the State of | |
| 61 | - | Oklahoma shall be at least twenty -five (25) years of age and a | |
| 62 | - | resident of the State of Oklahoma for at least five (5) years, and | |
| 63 | - | have had at least five (5) years' experience in the insurance | |
| 64 | - | industry in administration, sales, servicing or regulation. The | |
| 65 | - | Insurance Commissioner shall not be financially interested, directly | |
| 66 | - | ||
| 67 | - | HB2681 HFLR Page 2 | |
| 68 | - | BOLD FACE denotes Committee Amendments. 1 | |
| 69 | - | 2 | |
| 70 | - | 3 | |
| 71 | - | 4 | |
| 72 | - | 5 | |
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| 91 | - | 24 | |
| 92 | - | ||
| 93 | - | or indirectly, in any insurer, agency or insuranc e transaction | |
| 94 | - | except as a policyholder or claimant under a policy. | |
| 51 | + | SECTION 1. NEW LAW A new section of law not to be | |
| 52 | + | codified in the Oklahoma Statutes reads as follows: | |
| 53 | + | This act shall be known and may be cited as the "Insurance | |
| 54 | + | Reform Act of 2021". | |
| 95 | 55 | SECTION 2. This act shall become effective November 1, 2021. | |
| 96 | 56 | ||
| 97 | - | COMMITTEE REPORT BY: COMMITTEE ON INSURANCE, dated 02/24/2021 - DO | |
| 98 | - | PASS, As Amended. | |
| 57 | + | 58-1-6988 AMM 01/10/21 |