HB 1645 Oklahoma House · 2025 Regular Session

Insurance; Insurance Act of 2025; effective date.

HB 1645 requires Professional Employer Organizations (PEOs) operating in Oklahoma to obtain and renew annual licenses. Applicants must pass background checks, provide proof of working capital, and submit criminal history information. PEOs with fewer than 50 covered employees may qualify for a limited license but cannot serve Oklahoma-based clients, maintain a local office, or solicit clients within the state. The law also prohibits license denial for falsifying documents and mandates annual background checks for all controlling persons (those with significant ownership or management authority).

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Proposed Policy Committee Substitute 1 · 6 edits

MODERATE

The bill was amended from its original introduced version to a proposed policy committee substitute, significantly rewriting the entire measure. The original bill established the Insurance Act of 2025 with a November 1, 2025 effective date, while the amended version focuses on licensing requirements for Professional Employer Organization (PEO) services, including background investigations, annual renewals, and oversight of assurance organizations.

Scope change

The bill's scope expanded from a general insurance act to specifically regulate PEO services, adding detailed requirements for licensing, background checks, and financial security for PEO providers and their controlling persons.

TIMELINE

Removed the original effective date of November 1, 2025; new effective date not specified in this amendment text

DEFINITION

Added new definitions for 'assurance organization' and 'controlling person' to establish regulatory oversight standards

REQUIREMENT

Added requirements for annual license renewal, background investigations, and continuing compliance for PEO licensees

Added requirements for assurance organizations including annual notifications, complaint availability, and financial security demonstrations

ENFORCEMENT

Added enforcement provisions including grounds for denial or revocation based on falsification and procedures for license termination

TECHNICAL

Changed bill title from 'Introduced' to 'Proposed Policy Committee Substitute' indicating legislative committee review and amendment process

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors