OK HB3384

Annual homeowner's insurance policy renewal premium increases capped at maximum of 10%, effective November 1, 2026

Amends 36 O.S. 2021, Section 3639.1 governing personal residential insurance renewal and premium increases

Existing protections retained: insurers cannot cancel, refuse to renew, or increase premiums solely because an insured filed a first claim on a policy in effect more than 45 days

Insurers must provide written renewal notices including new premium, deductible, and coverage limits at least 30 days before policy expiration

Exceptions to premium/cancellation protections remain for nonpayment, fraud, willful acts increasing hazard, substantial risk changes, safety code violations, and criminal convictions