Insurance; Insurance Act of 2025; effective date.

HB 1640 establishes the "Insurance Act of 2025" as the official name for insurance legislation in Oklahoma. The bill sets a specific effective date of November 1, 2025, for the new insurance law. This measure directly affects insurance companies and consumers in Oklahoma by defining when the updated insurance regulations will take effect. The bill does not change any existing insurance policies or requirements, but rather provides a clear timeline for when the new insurance framework becomes active.