HR 1042 Oklahoma House · 2026 Regular Session

Resolution; CompSource Mutual Insurance Company; State Insurance Fund; trust; public interest.

This Oklahoma legislative resolution establishes public policy regarding CompSource Mutual Insurance Company, a workers' compensation insurer created in 2015. The bill clarifies that all assets of CompSource Mutual are held in trust for its policyholders and prohibits the company from converting into a stock insurance company. It also specifies that any transition to a mutual insurance holding company must first compensate all policyholders with their fair ownership interests. Additionally, the resolution states that CompSource Mutual is not considered a state agency or part of the Executive Branch, while affirming the company's role in providing workers' compensation coverage to employers.

Bill status introduced 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 30, 2026 Last action Mar 30, 2026

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What changed between versions

Introduced → Floor (House) · 3 edits

MINOR

The bill was reformatted from an introduced version to a floor version with minor text adjustments and the addition of a calendar directive. No substantive policy changes were made to the resolution's content regarding CompSource Mutual Insurance Company.

TECHNICAL

Header and page numbering were updated to reflect floor version formatting with committee amendment notes.

Added 'DIRECT TO CALENDAR' instruction at the end of the resolution text.

Minor text reformatting and line adjustments throughout the document for floor presentation.

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Committee

Mar 30, 2026

Introduced

lower

1 primary · 0 co-sponsors