Insurance; assignment of benefits; prohibited activity; effective date.

Added specific definitions for 'assignment agreement' and 'person' to clarify who and what the law covers.

Added explicit prohibition against soliciting or accepting assignments of post-loss insurance benefits for property damage under auto, residential, and commercial policies.

Added provisions stating that violations are considered unfair or deceptive trade practices subject to penalties under Title 36 of the Oklahoma Statutes.

Added exceptions for assignments to federally insured financial institutions, mortgagees, and liability coverage under insurance policies.

Added an effective date of November 1, 2025.

Added definition of 'service provider' to clarify who is prohibited from accepting insurance benefit assignments.

Modified exceptions to allow assignments to federally insured financial institutions, mortgagees, or subsequent property purchasers.

Removed language that could have prohibited attorneys from collecting fees for actions related to property insurance claims.

Removed limiting language from the definition of services to clarify the scope of prohibited assignments.

Updated definitions of 'assignment agreement' and 'person' to clarify what types of entities and instruments are covered under the prohibition.

Revised the prohibition language to more clearly specify that assignment agreements for post-loss insurance benefits are against public policy and null and void.

Maintained the enforcement mechanism by keeping violation classified as an unfair or deceptive trade practice subject to Title 36 penalties.

Changed the bill title from 'Proposed Policy Committee Substitute' to 'Committee Substitute' and updated page reference numbers and tracking identifiers.

Added a new blank line after the bill title section for formatting consistency.

The bill's title and header information were updated to reflect the committee substitute version with new metadata including the sponsor name and date.

The formatting of the act's text was reorganized with clearer section numbering and spacing, though the substantive legal provisions remain consistent.

New metadata was added including request number 12442, page references, and committee amendment tracking information.

The definition of 'person' was simplified by removing the explicit mention of 'service provider' as a separate category, instead grouping it under other legal entities.

Page numbering and formatting were adjusted to reflect the enrolled final version, with updated dates for House and Senate passage (May 21 and May 7, 2025 respectively).

Added a new definition for 'service provider' to clarify who qualifies for direct payment.

Added requirement that insurers must issue direct payment to service providers when the insured agrees to this arrangement, subject to applicable liens.

Added a new requirement that insurers must issue payment directly to service providers when the insured agrees, subject to applicable liens.

Modified the definition of 'assignment agreement' to clarify it applies to post-loss benefits under auto, residential, or commercial property insurance policies.

Added a new definition for 'person' to include natural persons, various legal entities, and government bodies.

Reorganized the structure of the bill and corrected formatting issues, including changes to the title page and section numbering.