Loading chat...

OK SB488

Bill

Official Source

Status

Introduced

2/2/2015

Primary Sponsor

Anthony Sykes

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Prohibits insurers from cancelling property damage insurance policies or denying renewal solely based on claims arising from natural causes.

  • Defines "natural cause" as an act caused exclusively by the violence of nature where all human agency is excluded from creating or contributing to the damage or injury.

  • Subjects violating insurers to procedures and penalties under Section 619 of Title 36 of the Oklahoma Statutes.

  • Becomes effective November 1, 2015.

Legislative Description

Property insurance; prohibiting cancellation or denial of renewal under certain circumstance. Effective date.

Last Action

Second Reading referred to Insurance

2/3/2015

Committee Referrals

Insurance2/3/2015

Full Bill Text

No bill text available