Insurance; homeowner's policy; terminations; premium; renewal; underwriting; at-fault motor vehicle claims; effective date.

HB 2929 in Oklahoma prohibits insurers from canceling or increasing premiums on homeowner's insurance policies due to a first claim or claims older than five years. It also restricts insurers from using weather-related claims history to raise rates unless there are three or more such claims within the past three years (with exceptions for unaddressed repair issues). The bill requires insurers to provide written renewal notices at least 30 days before policy expiration, keeping current terms in effect if notices are missed, and mandates refunds for unused premiums when policies are canceled early. These changes directly affect Oklahoma homeowners by limiting how insurers can adjust coverage based on claims history.