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OK SB696
Bill
AI Summary
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Property and casualty insurance companies may post standard policies and endorsements on their website instead of mailing or delivering them, provided the policies do not contain personally identifiable information.
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Insurers must ensure policies are easily accessible, allow customers to print and save electronic copies, and archive all policies for five years after expiration.
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Insurers must provide notice at policy issuance and renewal explaining how customers can obtain paper or electronic copies of their specific policy and endorsements at no charge.
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Declaration pages must clearly identify which policy and endorsement forms were purchased by each insured customer.
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The act becomes effective November 1, 2013.
Legislative Description
Insurance; allowing for property and casualty policies to be posted on insurer's website. Effective date.
Insurance
Last Action
Approved by Governor 04/18/2013
4/19/2013