OklahomaHB 3796Oklahoma 2026 Regular SessionHouse

Insurance; enforcement and power of the Insurance Commissioner; bulletins; Strengthen Oklahoma Homes Program; expanding length of program; acquisitions; Long-Term Care Insurance Act; prohibiting persons from selling without proper license; effective date.

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 1 benefits, 1 costs, 3 mixed.

Homeowners can seek storm upgrade grants

Beginning Nov. 1, 2026, the Strengthen Oklahoma Homes program continues with no end date. The Insurance Department runs it only when it receives federal or other outside funds. Homeowners can apply for grants to build or retrofit to resist tornado, wind, and hail. Nonprofits can administer grants under program rules. Projects must have local permits, pass inspections, and meet IBHS Fortified Homes standards. Random reinspections can occur.

Buying an insurer requires deeper financials

Starting Nov. 1, 2026, anyone seeking control of an Oklahoma insurer must file detailed finances. Individuals must submit five years of personal financial statements reviewed by an independent public accountant, plus recent unaudited information dated within 90 days. Companies must submit five years of audited financials (or all years they have existed), plus recent unaudited information dated within 90 days.

New rules for long-term care insurance

Beginning Nov. 1, 2026, the Long‑Term Care Insurance Act applies to LTC policies delivered in Oklahoma on or after Nov. 1, 1987, and life care community policies on or after Nov. 1, 1989. Some licensed facilities are outside this Act: residential care homes, assisted living and continuum of care centers, and licensed nursing homes. Policies not advertised as LTC do not have to meet LTC Act rules, and Medigap rules do not apply to LTC insurance. Life care communities that are not licensed insurers are outside the Insurance Code except as the LTC Act says. Anyone selling, soliciting, or negotiating LTC insurance must hold a life or accident and health producer license.

Old insurance bulletins end after 90 days

Starting Nov. 1, 2026, bulletins from a prior Insurance Commissioner end 90 days after a new Commissioner takes office unless continued by order. The Commissioner can issue, change, or stop bulletins at any time.

Old insurance waiver section repealed

Starting Nov. 1, 2026, 36 O.S. 2021, Section 1416 is repealed. The law does not explain what that section covered or the direct effect on households.

Sponsors & Cosponsors

Sponsor

Chris Sneed
Republican • House

Cosponsors

Bill Coleman
Republican • Senate
Casey Murdock
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 160 • No: 7

Senate vote • 5/4/2026

THIRD READING

Yes: 41 • No: 3

Senate vote • 4/23/2026

Top_of_Page

Yes: 0 • No: 0

Senate vote • 4/23/2026

Committee vote: Business & Insurance

Yes: 8 • No: 0

House vote • 3/25/2026

THIRD READING

Yes: 88 • No: 3

House vote • 2/26/2026

DO PASS

Yes: 16 • No: 1

House vote • 2/10/2026