Oklahoma 2024 Regular Session

Oklahoma House Bill HB3092 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SENATE FLOOR VERSION - HB3092 SFLR Page 1
4		-	(Bold face denotes Committee Amendments) 1
	3	+	ENGR. H. B. NO. 3092 Page 1 1
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29		-	SENATE FLOOR VERSION
30		-	April 9, 2024
31		-
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33	28		ENGROSSED HOUSE
34	29		BILL NO. 3092 By: Tedford of the House
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36	31		and
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38	33		Pemberton of the Senate
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43	40		An Act relating to insurance; amending 36 O.S . 2021,
44	41		Section 3639.1, which relates to cancellation,
45	42		refusal to renew or increase premium of homeowner's
46	43		insurance policy; prohibiting certain terminations;
47	44		prohibiting certain actions by insurers for claims
48	45		occurring more than five years before policy
49	46		effective date or renew al; directing that insurers
50	47		shall not refuse underwriting risk for ho meowner's
51	48		insurance in certain cases; prohibiting certain
52	49		actions by insurers for certain claims ; providing
53	50		exceptions; directing that insurers may only consider
54	51		at-fault motor vehicle claims history in provided
55	52		time frame; and providing an effective date .
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61	58		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
62	59		SECTION 1. AMENDATORY 36 O.S. 2021, Section 3639.1, is
63	60		amended to read as follows:
64	61		Section 3639.1 A. No insurer shall cancel, refuse to renew or
65	62		otherwise terminate, or increase the premium of a homeowner's
66	63		insurance policy or any other per sonal residential insurance
67	64		coverage, which has been in eff ect more than forty-five (45) days,
68	65		solely because the insured filed a fir st claim against the policy.
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70		-	SENATE FLOOR VERSION - HB3092 SFLR Page 2
71		-	(Bold face denotes Committee Amendments) 1
	67	+	ENGR. H. B. NO. 3092 Page 2 1
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96	92		B. No insurer shall cancel, refuse to renew or otherwise
97	93		terminate, or increase the premium of a homeowner's insurance policy
98	94		or any other personal residential insurance coverage, including, but
99	95		not limited to, flood insurance, because of a claim that occurred
100	96		more than five (5) years before the effective date of the policy or
101	97		renewal. No insurer shall refuse to underwrite risk for a
102	98		homeowner's insurance policy or any other personal residential
103	99		insurance coverage, including, but not limited to, flood insurance,
104	100		because of a claim that occurred more than five (5) years before t he
105	101		date of application.
106	102		C. No insurer shall cancel , refuse to renew or otherwise
107	103		terminate, or increase the p remium of a homeowner's insurance policy
108	104		or any other personal residential insurance covera ge, including, but
109	105		not limited to, flood insurance, based on the claims history of an
110	106		insured for weather-related claims, unless there were three or more
111	107		weather-related claims within the preceding three-year period. This
112	108		subsection shall not apply to claims for weather-related events for
113	109		which the insurer provided written notice to the insured for
114	110		reasonable or customary repairs or replacement specific to th e
115	111		insured's premises or dwelling which the insured failed to make and
116	112		which, if made, would have prevented the loss for which a claim was
117	113		made.
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119		-	SENATE FLOOR VERSION - HB3092 SFLR Page 3
120		-	(Bold face denotes Committee Amendments) 1
	115	+	ENGR. H. B. NO. 3092 Page 3 1
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145	140		D. The provisions of this section shall not be construed to
146	141		prevent the cancellation, nonrenewal or increase in premium of a
147	142		homeowner's insurance policy f or the following reason s:
148	143		1. Nonpayment of premium;
149	144		2. Discovery of fraud or material misrepresentation in the
150	145		procurement of the insurance or with respect to any claims su bmitted
151	146		thereunder;
152	147		3. Discovery of willful or reckless acts or omissions on t he
153	148		part of the named in sured which increase any hazard insured against;
154	149		4. A change in the risk which substantially increases any
155	150		hazard insured against after insurance coverage has been issued or
156	151		renewed;
157	152		5. Violation of any local fire, health, safety , building, or
158	153		construction regulation or ordinance with respect to any insured
159	154		property or the occupancy thereof which substantially increases any
160	155		hazard insured against;
161	156		6. A determination by the Ins urance Commissioner that the
162	157		continuation of the poli cy would place the insu rer in violation of
163	158		the insurance laws of this state; or
164	159		7. Conviction of the named insured of a crime having as one of
165	160		its necessary elements an act increasing any hazard insured against.
166	161		B. E. An insurer shall give to the named in sured at the mailing
167	162		address shown on a homeowner's policy, a written renewal notice that
168	163		shall include new premium, new deductible, new limits or coverage at
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170		-	SENATE FLOOR VERSION - HB3092 SFLR Page 4
171		-	(Bold face denotes Committee Amendments) 1
	165	+	ENGR. H. B. NO. 3092 Page 4 1
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196	190		least thirty (30) days prior to the expiration date of the policy.
197	191		If the insurer fails to provi de such notice, the pre mium,
198	192		deductible, limits and coverage provided to the named insurer prior
199	193		to the change shall remain in effect until notice is given or until
200	194		the effective date of replacement covera ge obtained by the named
201	195		insured, whichever occurs first. If notice is gi ven by mail, the
202	196		notice shall be deemed to have been given on the day the notice is
203	197		mailed. If the insured elects not to renew, any earned premium for
204	198		the period of extension of the terminated policy shall be calculated
205	199		pro rata at the lower of the curren t or previous year's rate. If
206	200		the insured accepts the renewal, the premium increase, if any, and
207	201		other changes shall be effective the day following the prior
208	202		policy's expiration or anniversary date.
209	203		C. F. In the event an insured canc els a homeowner's insurance
210	204		policy or any other per sonal residential insurance coverage, written
211	205		notice shall be provided by the insured to the insurer that p rovided
212	206		the coverage being canceled. The notice of cancellation shall
213	207		provide the date of the can cellation of the policy and the insurer
214	208		shall reimburse the insured for any premiums paid for coverage
215	209		beyond the date of cancellation of the policy.
216	210		D. G. An insurer canceling a policy under subsection C F of
217	211		this section shall not be liable for claim s arising after the date
218	212		of cancellation.
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220		-	SENATE FLOOR VERSION - HB3092 SFLR Page 5
221		-	(Bold face denotes Committee Amendments) 1
	214	+	ENGR. H. B. NO. 3092 Page 5 1
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246	239		H. An insurer may only consider the applicant's at-fault motor
247	240		vehicle claims history during the preceding three (3) years when
248	241		rating a homeowner's insurance policy or an y other personal
249	242		residential insurance coverage.
250	243		SECTION 2. This act shall become effective November 1, 2024.
251		-	COMMITTEE REPORT BY: COMMITTEE ON RETIREMENT AND INSURANCE
252		-	April 9, 2024 - DO PASS
	244	+	Passed the House of Representatives the 11th day of March, 2024.
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	249	+	Presiding Officer of the House
	250	+	of Representatives
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	254	+	Passed the Senate the ____ day of __________, 2024.
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	259	+	Presiding Officer of the Senate
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