HB 3696 Oklahoma House · 2026 Regular Session

Insurance; property and casualty; rates; filing; Insurance Commissioner; effective date.

HB 3696 requires property and casualty insurers in Oklahoma to submit insurance rates and supporting documentation to the Insurance Commissioner for review before implementation. The bill establishes a 30-day review period during which the Commissioner can disapprove rates, with insurers allowed to request hearings if rates are rejected. It also repeals outdated sections of the insurance code and clarifies definitions related to rate filings and rating processes. This bill directly affects insurers filing rates, the Insurance Commissioner's oversight authority, and policyholders who may see rate changes influenced by this review process.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Feb 19, 2026

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What changed between versions

Proposed Policy Committee Substitute 1 → Proposed Committee Substitute (full committee) 1 · 7 edits

MODERATE

The bill was amended from a 'Proposed Policy Committee Substitute' to a 'Proposed Oversight Committee Substitute' with significant substantive changes to insurance ratemaking standards. The most notable addition is a new prohibition against using religion as a basis for risk classification, which was not present in the original version. The amended version also clarifies that rates become effective after thirty days unless disapproved, adds requirements for written reasons for disapproval, and establishes new rules about information exchange between insurers and the Insurance Commissioner.

Scope change

The bill's scope expanded to include explicit protections against religious discrimination in insurance pricing and added clearer procedures for rate disapproval and information sharing between insurers and the Insurance Commissioner.

DEFINITION

Added a new prohibition against using religion as a basis for risk classification in insurance pricing

REQUIREMENT

Changed rate effectiveness timeline to require rates to be effective after thirty days unless disapproved by the Commissioner

Added requirement for the Insurance Commissioner to provide written reasons for rate disapproval

Added provisions governing information exchange between the Commissioner, insurers, and advisory organizations

Expanded Commissioner's rulemaking authority and review procedures for rate filings

ENFORCEMENT

Added authority for the Commissioner to refer antitrust violations to the Attorney General

TECHNICAL

Updated bill title from 'Proposed Policy' to 'Proposed Oversight' and adjusted committee designation

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 19, 2026

Lower · Passed

Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass, amended by committee substitute Insurance

lower

Feb 3, 2026

Committee

Referred to Insurance

lower

Feb 2, 2026

Introduced

First Reading

lower

2 primary · 0 co-sponsors