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OK HB4228

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Chris Kannady

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Caps total commission for public insurance adjusters at 10% of the insurance settlement or $100,000, whichever is less
  • Commission cap includes all expenses, direct costs, and other costs accrued by the adjuster
  • Applies specifically to claims adjustments for entities subject to The Governmental Tort Claims Act
  • Amends Section 6224 of Title 36 (Oklahoma Insurance Code)
  • Effective date: November 1, 2026

Legislative Description

Insurance; public insurance adjusters; total commission payable; limit; One Hundred Thousand Dollars; effective date.

Last Action

Referred to Rules

2/9/2026

Committee Referrals

Rules2/9/2026
Civil Judiciary2/3/2026
Judiciary and Public Safety Oversight2/3/2026

Full Bill Text

No bill text available