OK HB2933

Requires property insurers to file quarterly reports with the Oklahoma Insurance Department starting March 31, 2027, detailing policies in force, cancellations, nonrenewals, new policies, premiums, claims data, and wind coverage exclusions by ZIP code

Increases civil penalties for insurance violations from $5,000 to $10,000 per violation and from $1,000 to $25,000 for unfair practices cease-and-desist order violations, with authority to suspend or revoke certificates of authority

Shortens claim processing timelines: insurers must acknowledge claims within 14 days (reduced from 30), respond to claimant communications within 14 days (reduced from 30), and accept or deny claims within 30 days of proof of loss (reduced from 60), with 10% annual interest on late payments

Creates mandatory mediation program for residential and auto insurance disputes requested by policyholders, requiring insurers to participate with settlement authority and establishing a Homeowner Claims Bill of Rights that must be provided within 14 days of a claim

Prohibits insurers from canceling or refusing to renew homeowner policies based solely on first claims, claims over 5 years old, fewer than three weather-related claims in three years, roof age under 15 years, or aerial imaging without offering in-person inspection appeals