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SB726 • 2026

Insurance; providing certain exception. Effective date.

Insurance; providing certain exception. Effective date.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Reinhardt
Last action
2025-05-08
Official status
Motion expired
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Insurance; providing certain exception. Effective date.

Insurance; providing certain exception.

What This Bill Does

  • Insurance; providing certain exception.
  • Effective date.
  • Bill Summaries/Fiscal Impact for SB 726 (House): Engrossed (4/7/2025) Bill Summaries/Fiscal Impact for SB 726 (Senate): Introduced (1/15/2025)

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Filed

Plain English: SB726 FA1 OsburnMi-CC 5/8/2025 2:17:19 pm AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: Mike Osburn Adopted: _____________________________ ______________________________________ Reading Clerk FLOOR AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend SB726 Of the printed Bill Page Section Lines Of the Engrossed Bill By striking the Title.

  • SB726 FA1 OsburnMi-CC 5/8/2025 2:17:19 pm AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: Mike Osburn Adopted: _____________________________ ______________________________________ Reading Clerk FLOOR AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend SB726 Of the printed Bill Page Section Lines Of the Engrossed Bill By striking the Title.

Bill History

  1. 2025-05-08 House

    General Order

  2. 2025-05-08 House

    Amended

  3. 2025-05-08 House

    Title stricken

  4. 2025-05-08 House

    Third Reading, Measure failed: Ayes: 18 Nays: 72

  5. 2025-05-08 House

    Notice served to reconsider vote by Representative Tedford

  6. 2025-05-08 House

    Motion expired

  7. 2025-04-16 House

    CR; Do Pass Commerce and Economic Development Oversight Committee

  8. 2025-04-08 House

    Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Insurance

  9. 2025-04-01 House

    Second Reading referred to Commerce and Economic Development Oversight

  10. 2025-04-01 House

    Referred to Insurance

  11. 2025-03-25 Senate

    Engrossed to House

  12. 2025-03-25 House

    First Reading

  13. 2025-03-24 Senate

    General Order, Considered

  14. 2025-03-24 Senate

    Measure passed: Ayes: 40 Nays: 7

  15. 2025-03-24 Senate

    Referred for engrossment

  16. 2025-03-13 Senate

    Coauthored by Representative Tedford (principal House author)

  17. 2025-03-11 Senate

    Placed on General Order

  18. 2025-03-06 Senate

    Reported Do Pass Business and Insurance committee; CR filed

  19. 2025-02-04 Senate

    Second Reading referred to Business and Insurance

  20. 2025-02-03 Senate

    First Reading

  21. 2025-02-03 Senate

    Authored by Senator Reinhardt

Official Summary Text

Insurance; providing certain exception. Effective date.
Bill Summaries/Fiscal Impact for SB 726 (House): Engrossed (4/7/2025)
Bill Summaries/Fiscal Impact for SB 726 (Senate): Introduced (1/15/2025)

Current Bill Text

Read the full stored bill text 
ENGR. S. B. NO. 726 Page 1
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ENGROSSED SENATE
BILL NO. 726 By: Reinhardt of the Senate

and

Tedford of the House

An Act relating to insurance; amending 36 O.S. 2021,
Section 3629, which relates to forms of proof of
loss; providing certain exception; and providing an
effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 36 O.S. 2021, Section 3629, is
amended to read as follows:
Section 3629. A. An insurer shall furnish, upon written
request of any insured claiming to have a loss under an insurance
contract issued by such insurer, forms of proof of loss for
completion by such person, but such insurer shall not, by reason of
the requirement so to furnish forms, have any responsibility for or
with reference to the completion of such proof or the manner of any
such completion or attempted completion.
B. It shall be the duty of the insurer, receiving a proof of
loss, to submit a written offer of settlement or rejection of the
claim to the insured within sixty (60) days of receipt of that proof
of loss. Upon a judgment rendered to either party, costs and
attorney fees shall be allowable to the prevailing party. For

ENGR. S. B. NO. 726 Page 2
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purposes of this section, the prevailing party is the insurer in
those cases where judgment does not exceed written offer of
settlement. In all other judgments the insured shall be the
prevailing party. If the insured is the prevailing party, the court
in rendering judgment shall add interest on the verdict at the rate
of fifteen percent (15%) per year from the date the loss was payable
pursuant to the provisions of the contract to the date of the
verdict. This provision shall not apply to uninsured motorist
coverage or property insurance as defined in Section 704 of this
title.
SECTION 2. This act shall become effective November 1, 2025.
Passed the Senate the 24th day of March, 2025.

Presiding Officer of the Senate

Passed the House of Representatives the ____ day of __________,
2025.

Presiding Officer of the House
of Representatives