Insurance; Oklahoma Life and Health Insurance Guaranty Association coverage; annuities; effective date.

This bill clarifies eligibility for Oklahoma's Life and Health Insurance Guaranty Association coverage when an insurer fails. It ensures Oklahoma residents automatically receive coverage for life, health, and annuity policies, while non-residents may qualify only if the insurer was based in Oklahoma and no other state provides coverage. The bill specifically excludes structured settlement annuities from certain coverage rules and prevents duplicate coverage across states. It does not create new benefits but defines who qualifies under existing law, excluding reinsurance, self-funded employer plans, and certain policy features like dividends or marketing claims.