OK HB3646

Requires insurers to file all property and casualty insurance rates, rating manuals, and supplementary information with the Insurance Commissioner, with rates usable on the filing date

Insurance Commissioner must disapprove non-compliant rates within 30 days of filing (extendable once for 30 days for good cause); rates not disapproved within this period are deemed approved

Exempts large commercial risks from filing requirements: insureds with $5 million+ property values, $10 million+ annual revenues, or $25,000+ property/liability premiums ($50,000+ for multi-peril)

Small residential property insurers (less than 2% market share with 50%+ policies covering properties under $100,000) are exempt unless proposing rate increases of 10%+ in one year or 8%+ average for three consecutive years

Repeals existing Sections 984 (competitive market presumption) and 987 (rate filings) of Title 36; effective November 1, 2026