Insurance; auto insurance; accident investigation process; Oklahoma Insurance Department; penalties; police reports; arbitration; effective date.

HB 3303 requires Oklahoma auto insurers to submit their accident investigation processes to the Oklahoma Insurance Department by July 1, 2027, with fines up to $10,000 for non-compliance or business suspension for repeated violations. It mandates that insurers pay claims based on police reports from auto accidents, allowing insurers to request Department arbitration if they dispute a report. Insurers who violate this rule face a 90-day suspension of new business privileges. The bill directly affects all auto insurers operating in Oklahoma and takes effect November 1, 2026.