Insurance; minors; contract for insurance; parental or guardian consent; effective date.
HB 1516 allows minors aged 15-16 to contract for life, accident, or health insurance with parental or guardian consent, and minors aged 16+ to contract for other types of insurance with consent. It specifies that these minors are legally bound by their insurance contracts (including settlements) but cannot be held responsible for unpaid premiums on unperformed agreements. The law, effective November 1, 2025, amends Oklahoma's insurance code to clarify minor contracting rights and responsibilities. This directly affects minors seeking insurance coverage and their parents/guardians who must provide written consent.
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 15, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
The bill was amended to expand the age requirement for minors to purchase life, accident, and health insurance from fifteen to sixteen years old, and added new provisions clarifying the minor's legal capacity to exercise rights under the insurance contract and limiting liability for insurance agents who fail to obtain parental consent.
Scope change
The bill's scope expanded to include additional protections for minors and insurance agents, and the age eligibility threshold was increased.
ELIGIBILITY
The minimum age for a minor to contract for life, accident, and health insurance with parental consent was raised from fifteen to sixteen years old.
DEFINITION
New language clarifies that a minor who meets the age requirement is deemed competent to exercise all rights under the insurance contract as if of full legal age.
ENFORCEMENT
Added a provision stating that insurance agents are not liable for failing to obtain signed parental or guardian consent when a minor purchases insurance.
REQUIREMENT
Updated the bill title and summary to reflect the new age requirement and the addition of immunity provisions for insurance agents.
Floor votes · Senate May 7, 2025 · House Mar 17, 2025
How they voted
46–0
Passed · 3 other
Total votes 49
May 7, 2025
D
Democratic9
100% Yea
R
Republican40
92% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
24
Key actions
8
Committee
6
Amendments
1
May 7, 2025
Committee
Referred for enrollment
lower
May 7, 2025
Upper · Passed
Engrossed measure signed, returned to House
upper
May 7, 2025
Upper · Passed
Measure passed: Ayes: 44 Nays: 0
upper
Apr 17, 2025
Upper · Passed
Reported Do Pass Business and Insurance committee; CR filed
upper
Mar 18, 2025
Introduced
First Reading
upper
Mar 18, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 17, 2025
Committee
Referred for engrossment
lower
Mar 17, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 79 Nays: 5
lower
Mar 17, 2025
Lower · Passed
Amended
lower
Feb 25, 2025
Lower · Passed
CR; Do Pass Commerce and Economic Development Oversight Committee
lower
Feb 12, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Insurance
lower
Feb 4, 2025
Committee
Referred to Insurance
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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