Insurance; prohibiting use of credit information in personal insurance. Effective date.

SB 1435 prohibits Oklahoma insurers from using credit information to underwrite or rate personal insurance policies (like auto or homeowners coverage). It bans factors such as zip code, marital status, gender, or income in insurance scoring, and prevents denial/cancellation based solely on credit data. Insurers must use current credit reports within 90 days for new policies and update them every 36 months, with consumers able to request annual reevaluation. The law takes effect November 1, 2026, and repeals prior credit-related insurance provisions.