Insurance; rate filing requirements; independent actuary; effective date.

HB 3561 requires Oklahoma property and casualty insurance companies to annually submit an independent actuarial opinion and summary to the Insurance Commissioner, supporting their rate filings. It defines an "independent actuary" as a qualified professional (member of the American Academy of Actuaries) with no financial ties to the insurer, and grants the Commissioner authority to request supporting documents or hire a third-party actuary if needed. This directly affects all insurers operating in Oklahoma, including out-of-state companies licensed to sell policies in the state. The law takes effect November 1, 2026.