OklahomaHB 1516Oklahoma 2026 Regular SessionHouseWALLET

Insurance; minors; contract for insurance; parental or guardian consent; effective date.

Sponsored By: Chris Banning (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: 1 benefits, 1 costs, 0 mixed.

Teens can buy insurance with consent

Beginning November 1, 2025, Oklahoma minors age 16 or older can enter insurance contracts with signed parent or guardian consent. They can buy life or accident and health insurance covering themselves or someone in whom they have an insurable interest. This means a stake in that person's life or health that the law recognizes. Contracts can benefit their mother, father, spouse, child, brother, sister, or grandparents. For other types of insurance, minors must have an insurable interest in what is insured. Existing rules give minors adult-like control over these contracts, including surrendering their interest and accepting benefit payments. They are bound by settlements for other insurance and cannot undo contracts or contract decisions just because they are minors. However, minors who are not legally emancipated are not bound by unfulfilled promises to pay premiums, including through promissory notes.

Families lose agent accountability for missing consent

Beginning November 1, 2025, Oklahoma shields the selling insurance agent from liability for failing to obtain required signed consent. This applies to parent or guardian consent for a minor's insurance contract under these rules. The consent requirement remains, but families cannot hold that agent liable for failing to obtain it.

Sponsors & Cosponsors

Sponsor

Chris Banning
Republican • House

Cosponsors

Brian Guthrie
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 152 • No: 6

Senate vote • 5/7/2025

THIRD READING

Yes: 44 • No: 0

Senate vote • 4/17/2025

Committee vote: Business & Insurance

Yes: 9 • No: 0

House vote • 3/17/2025

THIRD READING

Yes: 79 • No: 5

House vote • 2/25/2025

DO PASS

Yes: 13 • No: 1

House vote • 2/11/2025

DO PASS

Yes: 7 • No: 0

Actions Timeline

Becomes law without Governor's signature 05/15/2025
5/15/2025House
Sent to Governor
5/8/2025House
Enrolled measure signed, returned to House
5/8/2025Senate
Enrolled, signed, to Senate
5/8/2025House
Referred for enrollment
5/7/2025House
Engrossed measure signed, returned to House
5/7/2025Senate
Measure passed: Ayes: 44 Nays: 0
5/7/2025Senate
General Order, Considered
5/7/2025Senate
Placed on General Order
4/22/2025Senate
Reported Do Pass Business and Insurance committee; CR filed
4/17/2025Senate
Second Reading referred to Business and Insurance
4/1/2025Senate
First Reading
3/18/2025Senate
Engrossed, signed, to Senate
3/18/2025House
Referred for engrossment
3/17/2025House
Third Reading, Measure passed: Ayes: 79 Nays: 5
3/17/2025House
Amended
3/17/2025House
General Order
3/17/2025House
Authored by Senator Guthrie (principal Senate author)
2/25/2025House
CR; Do Pass Commerce and Economic Development Oversight Committee
2/25/2025House
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Insurance
2/12/2025House
Referred to Insurance
2/4/2025House
Second Reading referred to Commerce and Economic Development Oversight
2/4/2025House
Authored by Representative Banning
2/3/2025House
First Reading
2/3/2025House

Bill Text

Enrolled (final version)
5/8/2025
PDF
Floor (Senate)
4/21/2025
PDF
Senate Committee Report
4/17/2025
PDF
Engrossed
3/18/2025
PDF
Floor (House)
2/27/2025
PDF
House Committee Report
2/25/2025
PDF
House Policy Committee Report
2/12/2025
PDF
Introduced
1/16/2025
PDF

Related Bills

Back to State Legislation