PRIA Logo™
OklahomaHB 1497Oklahoma 2026 Regular SessionHouse

Insurance; registration of insurers; report; Liquidity Stress Test; confidential documents; information; trade secrets; effective date.

Sponsored By: Mark Tedford (Republican)

Became Law

Senate Committee

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

Insurer groups face new financial reporting

The controlling parent of a covered insurer group must file an annual group capital calculation with its lead state regulator. It follows national insurance regulator instructions and is due with registration, generally May 1 for the previous year. Exemptions cover single domestic insurers operating only in their home state with no assumed insurance business. Other exemptions cover qualifying Federal Reserve-supervised groups and foreign-supervised groups with recognized oversight or adequate information sharing. The lead regulator can allow limited filings or require calculations from foreign-based groups for financial oversight or market competitiveness. Groups losing an exemption must file at their next annual deadline unless granted an extension. Covered groups must also file liquidity stress test results when an insurer meets at least one applicable scope threshold. The lead regulator can adjust scope after consulting the national insurance regulators’ financial stability task force. Framework and scope data-year changes take effect January 1 of the year after adoption. Neither reporting framework allows insurers to omit information using the usual 0.5%-of-admitted-assets rule for treating certain transactions as nonmaterial.

Insurer data stays private with limits

Beginning November 1, 2025, Oklahoma’s Insurance Commissioner must keep specified group capital calculations, ratios, liquidity test results, and related information confidential. Protected records are exempt from public-records requests, subpoenas, and use as evidence in private civil lawsuits. The Commissioner can share confidential information, including trade secrets, with designated outside consultants. Consultants must agree in writing to protect confidentiality and confirm their legal authority to do so. Agreements must include security, use limits, applicable insurer notice and intervention rights, and consultant-identity notices for liquidity test information. Permanent database storage after analysis is generally barred, but liquidity test information is exempt from that storage restriction. Capital and liquidity measures are oversight tools, not consumer rankings; public disclosure, advertising, or ranking use is barred except as required by law. Misleading public statements about these measures are prohibited. An insurer can issue a written rebuttal solely to correct a materially false statement or inappropriate comparison in a written publication. It must first give the Commissioner substantial proof.

Sponsors & Cosponsors

Sponsor

  • Mark Tedford

    Republican • House

Cosponsors

  • Aaron Reinhardt

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 164 • No: 1

Senate vote • 5/8/2025

THIRD READING

Yes: 45 • No: 0

Senate vote • 4/24/2025

Committee vote: Business & Insurance

Yes: 9 • No: 0

House vote • 3/24/2025

THIRD READING

Yes: 86 • No: 1

House vote • 2/27/2025

DO PASS

Yes: 16 • No: 0

House vote • 2/24/2025

DO PASS

Yes: 8 • No: 0

Actions Timeline

  1. Becomes law without Governor's signature 05/18/2025

    5/19/2025House

  2. Sent to Governor

    5/12/2025House

  3. Enrolled measure signed, returned to House

    5/12/2025Senate

  4. Enrolled, signed, to Senate

    5/12/2025House

  5. Referred for enrollment

    5/8/2025House

  6. Engrossed measure signed, returned to House

    5/8/2025Senate

  7. Measure passed: Ayes: 45 Nays: 0

    5/8/2025Senate

  8. General Order, Considered

    5/8/2025Senate

  9. Placed on General Order

    4/29/2025Senate

  10. Reported Do Pass Business and Insurance committee; CR filed

    4/24/2025Senate

  11. Second Reading referred to Business and Insurance

    4/1/2025Senate

  12. First Reading

    3/25/2025Senate

  13. Engrossed, signed, to Senate

    3/25/2025House

  14. Referred for engrossment

    3/24/2025House

  15. Third Reading, Measure passed: Ayes: 86 Nays: 1

    3/24/2025House

  16. General Order

    3/24/2025House

  17. CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee

    3/3/2025House

  18. Authored by Senator Reinhardt (principal Senate author)

    2/25/2025House

  19. Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass, amended by committee substitute Insurance

    2/25/2025House

  20. Referred to Insurance

    2/5/2025House

  21. Referred to Commerce and Economic Development Oversight

    2/5/2025House

  22. Withdrawn from Rules Committee

    2/5/2025House

  23. Second Reading referred to Rules

    2/4/2025House

  24. Authored by Representative Tedford

    2/3/2025House

  25. First Reading

    2/3/2025House

Bill Text

  • Enrolled (final version)

    5/12/2025

    PDF

  • Floor (Senate)

    4/28/2025

    PDF

  • Senate Committee Report

    4/24/2025

    PDF

  • Engrossed

    3/25/2025

    PDF

  • Floor (House)

    3/3/2025

    PDF

  • House Committee Report

    3/3/2025

    PDF

  • House Committee Substitute

    3/3/2025

    PDF

  • House Policy Committee Report

    2/25/2025

    PDF

  • Introduced

    1/15/2025

    PDF

Related Bills

Back to State Legislation