Insurance; Insurance Act of 2025; effective date.

Plain English: HB1645 POLPCS1 Chris Sneed-MJ 2/13/2025 2:57:38 pm AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: Chris Sneed Adopted: _____________________________ ______________________________________ Reading Clerk COMMITTEE AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend HB1645 Of the printed Bill Page Section Lines Of the Engrossed Bill By deleting the content of the entire measure, and by inserting in lieu thereof the following language: Req.

• HB1645 POLPCS1 Chris Sneed-MJ 2/13/2025 2:57:38 pm AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: Chris Sneed Adopted: _____________________________ ______________________________________ Reading Clerk COMMITTEE AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend HB1645 Of the printed Bill Page Section Lines Of the Engrossed Bill By deleting the content of the entire measure, and by inserting in lieu thereof the following language: Req.
• No.
• 12465 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 60th Legislature (2025) PROPOSED POLICY COMMITTEE SUBSTITUTE FOR HOUSE BILL NO.
• 1645 By: Sneed PROPOSED POLICY COMMITTEE SUBSTITUTE An Act relating to insurance; providing definitions; requiring persons who perform PEO services to be licensed; providing requirements for applicants; requiring background investigation; clarifying that falsification is grounds for denial or revocation; clarifying that falsification disqualifies controlling person; requiring annual renewal of license; clarifying non-receipt of notice is not an excuse; providing required information for renewal; requiring certain persons submit to background investigation each year; permitting refusal of renewal for certain violations; providing requirements to qualify for limited license; providing information required; requiring licensees to continue to meet all requirements; requiring limited license PEOs to renew annually; clarifying that non-receipt of limited license does not exempt from requirement; providing continuing requirements; providing required information to renew limited license; clarifying that falsification is ground for denial or revocation; clarifying that falsification disqualifies controlling person; clarifying that failure to continue to meet requirements will result in loss of limited license; permitting agreements with approved assurance organizations; clarifying that authorization of assurance organization does not relieve applicant or license holder responsibility; providing required submissions for assurance organization approval; directing the Oklahoma Insurance Department to respond within thirty days; requiring the Department to list deficiencies; Req.