OK HB3780

Property and casualty insurance companies must annually submit a "Statement of Actuarial Opinion" from an independent actuary, with state-specific justification for rates set

"Independent actuary" is defined as an American Academy of Actuaries member with no relationship or direct financial interest in the insurance company that would impair objectivity

Insurance Commissioner must (changed from "may") engage a qualified actuary at the company's expense if the company fails to provide adequate supporting reports or workpapers

Removes the exemption previously granted by domiciliary commissioners, making the independent actuary requirement apply to all property and casualty insurers doing business in Oklahoma

Effective date: November 1, 2026