OK SB803

Prohibits insurers from canceling, refusing to renew, or increasing premiums on homeowner's insurance policies solely because an insured filed a first or second claim, provided the policy has been in effect more than 45 days.

Allows insurers to increase premiums upon an insured filing a second claim against the policy.

Establishes seven exceptions permitting cancellation, nonrenewal, or premium increases: nonpayment of premium, fraud or material misrepresentation, willful or reckless acts increasing hazard, substantial change in risk, violation of fire/health/safety regulations, Insurance Commissioner determination, or conviction of named insured for crime increasing hazard.

Requires insurers to provide written renewal notice at least 30 days prior to policy expiration showing new premium, deductible, limits, or coverage; if notice is not provided, prior terms remain in effect until notice is given or replacement coverage is obtained.

If insured elects not to renew, earned premium for policy extension is calculated pro rata at the lower of current or previous year's rate; if insured accepts renewal, changes become effective the day following prior policy's expiration or anniversary date.

Effective date: November 1, 2015.