OklahomaHB 1085Oklahoma 2026 Regular SessionHouseWALLET

Contracts; Service Warranty Act; administrative fees; modifying fee amount; effective date.

Sponsored By: Stacy Jo Adams (Republican)

Signed by Governor

Senate Committee

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

New fee schedule for service warranty companies

Beginning January 1, 2027, provider fees for service warranties are not subject to the premium tax. Instead, companies pay an administrative fee to the Insurance Commissioner. In 2027, the fee is 1.75% of gross provider fees each quarter, or $3,150 once a year for entities with qualifying March 31, 2009 insurance that elect the annual option. In 2028, it is 1.00% quarterly, or $3,350 annually for eligible electing entities. Beginning in 2029, all companies pay a flat $3,700 each year. The administrative fee is not subject to subsection C of Section 307.3.

Annual filings and fines for warranty companies

Starting January 1, 2027, service warranty associations and insurers must file a yearly financial statement by May 1. It must be dated within the past 365 days and show all gross provider fees from the prior year. If you use the reserve option, it must be audited under statutory accounting. If you use a qualifying contractual liability policy, two principal officers must verify it under oath and use GAAP. The Insurance Commissioner may also require quarterly statements or special reports under oath. Late filers can be fined up to $100 for each day past the deadline.

Sponsors & Cosponsors

Sponsor

  • Stacy Jo Adams

    Republican • House

Cosponsors

  • Bill Coleman

    Republican • Senate

  • Mark Tedford

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 195 • No: 18

House vote 2/23/2026

Top_of_Page

Yes: 88 • No: 8

Senate vote 2/11/2026

THIRD READING

Yes: 0 • No: 3

Senate vote 4/10/2025

Top_of_Page

Yes: 0 • No: 0

House vote 3/10/2025

Top_of_Page

Yes: 85 • No: 6

House vote 3/4/2025

DO PASS

Yes: 15 • No: 1

House vote 2/11/2025

DO PASS

Yes: 7 • No: 0

Actions Timeline

  1. Approved by Governor 02/25/2026

    2/25/2026House
  2. Sent to Governor

    2/24/2026House
  3. Enrolled measure signed, returned to House

    2/24/2026Senate
  4. Enrolled, signed, to Senate

    2/24/2026House
  5. Referred for enrollment

    2/23/2026House
  6. Fourth Reading, Measure passed: Ayes: 88 Nays: 8

    2/23/2026House
  7. SA's read, adopted

    2/23/2026House
  8. SA's received

    2/12/2026House
  9. Engrossed to House

    2/12/2026Senate
  10. Referred for engrossment

    2/11/2026Senate
  11. Measure passed: Ayes: 44 Nays: 3

    2/11/2026Senate
  12. General Order, Amended

    2/11/2026Senate
  13. Placed on General Order

    4/15/2025Senate
  14. Reported Do Pass as amended Business and Insurance committee; CR filed

    4/10/2025Senate
  15. Second Reading referred to Business and Insurance

    4/1/2025Senate
  16. First Reading

    3/11/2025Senate
  17. Engrossed, signed, to Senate

    3/11/2025House
  18. Referred for engrossment

    3/10/2025House
  19. Third Reading, Measure passed: Ayes: 85 Nays: 6

    3/10/2025House
  20. General Order

    3/10/2025House
  21. CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee

    3/5/2025House
  22. Authored by Senator Coleman (principal Senate author)

    2/12/2025House
  23. Coauthored by Representative(s) Tedford

    2/12/2025House
  24. Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Insurance

    2/12/2025House
  25. Referred to Insurance

    2/4/2025House

Bill Text

  • Enrolled (final version)

    2/24/2026

  • Amended And Engrossed

    2/12/2026

  • Floor (Senate)

    4/14/2025

  • Senate Committee Report

    4/10/2025

  • Engrossed

    3/11/2025

  • Floor (House)

    3/7/2025

  • House Committee Report

    3/5/2025

  • House Committee Substitute

    3/5/2025

  • House Policy Committee Report

    2/12/2025

  • Introduced

    1/8/2025

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