HB 2930
Insurance; motor vehicle policies; traffic record; rates; cancellation; renewal; first claim; hearing; effective date.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes Oklahoma’s laws regarding motor vehicle insurance policies. It limits how insurance companies can use traffic records – more than three years old – to determine rates or cancel policies. Specifically, it prohibits using traffic complaints, citations, or charges that resulted in an acquittal, arrest without charges, or dismissed charges as a basis for cancellation or rate increases. The bill also protects policyholders from cancellation or premium increases simply for filing a first claim, except in specific circumstances like nonpayment of premium or fraud.
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