Insurance; registration of insurers; report; Liquidity Stress Test; confidential documents; information; trade secrets; effective date.
HB 1497 amends Oklahoma's insurance regulations to clarify which entities must undergo liquidity stress tests and submit confidential reports to the state. The bill removes references to affiliates and subsidiaries from the list of companies required to participate in these financial assessments, narrowing the scope to the primary insurance entities themselves. This change affects insurance companies operating in Oklahoma by simplifying the compliance requirements for stress testing and information reporting. The legislation became effective law without the governor's signature on May 19, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
Mar 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 19, 2025
Maddy AI version diff · 5 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
3 edits
MINOR
The bill moved from House floor version to Senate floor version with minor formatting changes and one substantive definition adjustment. The main change is in the definition of 'Internationally active insurance group' where the asset threshold was reduced from $50 billion to $10 billion, making the regulation apply to more insurance groups. There are also minor formatting changes to the document headers and page numbers.
Scope change
The scope of the bill was expanded by lowering the asset threshold for 'Internationally active insurance group' from $50 billion to $10 billion, meaning more insurance holding company systems will be subject to the new liquidity stress test requirements.
DEFINITION
The asset threshold for 'Internationally active insurance group' was reduced from $50 billion ($50,000,000,000.00) to $10 billion ($10,000,000,000.00), expanding which insurance groups must comply with the new liquidity stress test requirements.
TECHNICAL
Minor formatting changes to document headers, page numbers, and line breaks between House and Senate versions.
Capitalization of 'Commissioner' was standardized from lowercase 'commissioner' in House version to uppercase 'Commissioner' in Senate version.
Floor votes · Senate May 8, 2025 · House Mar 24, 2025
How they voted
47–0
Passed · 2 other
Total votes 49
May 8, 2025
D
Democratic9
100% Yea
R
Republican40
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
25
Key actions
7
Committee
7
May 8, 2025
Committee
Referred for enrollment
lower
May 8, 2025
Upper · Passed
Engrossed measure signed, returned to House
upper
May 8, 2025
Upper · Passed
Measure passed: Ayes: 45 Nays: 0
upper
Apr 24, 2025
Upper · Passed
Reported Do Pass Business and Insurance committee; CR filed
upper
Mar 25, 2025
Introduced
First Reading
upper
Mar 25, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 24, 2025
Committee
Referred for engrossment
lower
Mar 24, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 86 Nays: 1
lower
Mar 3, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee
lower
Feb 25, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass, amended by committee substitute Insurance
lower
Feb 5, 2025
Committee
Referred to Insurance
lower
Feb 5, 2025
Committee
Referred to Commerce and Economic Development Oversight
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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