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Read. Follow. Verify.Oklahoma updates insurance guaranty association powers, claim caps, and confidentiality rules
Last action · May 28, 2025: Becomes law without Governor's signature 05/28/2025
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What This Bill Does
Oklahoma modifies the powers, duties, and claim limitations of the Oklahoma Property and Casualty Insurance Guaranty Association, establishes a $300,000 cap on cybersecurity claims, exempts association records from the Open Records Act, and prohibits using the association's existence to sell insurance, effective November 1, 2025.
Policyholders with s face new coverage caps, including a $300,000 limit for cybersecurity claims and complete exclusion for high-net-worth insureds exceeding $50 million, while association operational records become permanently confidential.
- The Oklahoma Property and Casualty Insurance Guaranty Association acts as a safety net for policyholders when insurance companies writing property and casualty lines become insolvent. context
- State guaranty associations coordinate across jurisdictions through the National Association of Insurance Commissioners to manage multi-state liquidations. context
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Policyholders
Policyholders are subject to new claim caps, strict filing deadlines, and coverage exclusions if their insurer becomes insolvent.
Member Insurers
Insurers licensed to transact direct insurance in Oklahoma remain subject to association assessments and regulatory compliance.
High Net Worth Insureds
Entities and individuals with a net worth exceeding $50 million are barred from receiving first-party claim payouts from the association.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the payout limit for cybersecurity insurance claims under an insolvent insurer?
Are association records open to public inspection under this law?
Can insurance agents use the Guaranty Association to help sell policies?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Became law without the governor's signature.
Procedural history
27 actions- May 28, 2025HouseBecomes law without Governor's signature 05/28/2025
- May 21, 2025HouseSent to Governor
- May 21, 2025SenateEnrolled measure signed, returned to House
- May 21, 2025HouseEnrolled, signed, to Senate
- May 21, 2025HouseCommitteeReferred for enrollment
- May 21, 2025HouseFloorFourth Reading, Measure passed: Ayes: 89 Nays: 0
Show 21 earlier actions
- May 21, 2025HouseFloorSA's read, adopted
- Apr 29, 2025HouseSA's received
- Apr 29, 2025SenateEngrossed to House
- Apr 28, 2025SenateCommitteeReferred for engrossment
- Apr 28, 2025SenateFloorMeasure passed: Ayes: 44 Nays: 0
- Apr 28, 2025SenateGeneral Order, Considered
- Apr 15, 2025SenatePlaced on General Order
- Apr 10, 2025SenateFloorReported Do Pass as amended Business and Insurance committee; CR filed
- Apr 1, 2025SenateCommitteeSecond Reading referred to Business and Insurance
- Mar 4, 2025SenateIntroducedFirst Reading
- Mar 4, 2025HouseEngrossed, signed, to Senate
- Mar 3, 2025HouseCommitteeReferred for engrossment
- Mar 3, 2025HouseFloorThird Reading, Measure passed: Ayes: 93 Nays: 2
- Mar 3, 2025HouseGeneral Order
- Feb 25, 2025HouseAuthored by Senator Reinhardt (principal Senate author)
- Feb 25, 2025HouseFloorCR; Do Pass Commerce and Economic Development Oversight Committee
- Feb 12, 2025HouseFloorPolicy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Insurance
- Feb 4, 2025HouseCommitteeReferred to Insurance
- Feb 4, 2025HouseCommitteeSecond Reading referred to Commerce and Economic Development Oversight
- Feb 3, 2025HouseAuthored by Representative Tedford
- Feb 3, 2025HouseIntroducedFirst Reading
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Exclusion of High Net Worth Entities from Guaranty Payouts
The measure codifies strict exclusions preventing insureds with net worth over $50 million from collecting first-party claims from the insolvency fund.
Establishment of Explicit Cybersecurity Insurance Cap
The legislation introduces a specific aggregate cap of $300,000 for cybersecurity coverage disputes involving insolvent insurers.
Connected Entities
Sources
www.oklegislature.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy25Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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