OK HB3781

Amends Oklahoma's Property and Casualty Competitive Loss Cost Rating Act to allow the Insurance Commissioner to determine any rate excessive if "unreasonably high for the insurance provided or in relation to services rendered," removing the prior limitation that only applied to noncompetitive markets

Requires insurers to file rates at least 60 days prior to the effective date (increased from 30 days after), and extends the Commissioner's review period from 30 to 60 days with an additional 60-day extension if needed

Adds "religion" to the list of prohibited discrimination factors alongside race, color, creed, and national origin for insurance risk classification and rate determination

Repeals Section 984 (relating to ratemaking standards) and Section 985.1 (relating to rates and determination that competition does not exist), eliminating the distinction between competitive and noncompetitive markets for regulatory purposes

Effective date: November 1, 2026