Insurance; personal residential insurance; renewal; premium increases; maximum increase; effective date.

HB 3384 caps annual renewal premium increases for homeowner's insurance policies at 10% starting November 1, 2026. It directly affects Oklahoma homeowners with personal residential insurance policies by limiting how much their annual renewal premiums can rise. The bill also prohibits insurers from canceling or increasing premiums solely because a homeowner filed their first claim (with specific exceptions like nonpayment or fraud), and requires written renewal notices 30 days before policy expiration. This change applies only to renewal premiums, not new policies or initial coverage.