Oklahoma has introduced a new insurance legislation that moves towards a “File and Rate” regulatory model for P&C insurers. Under this approach, insurers may need prior approval before implementing certain premium rate increases.
In this short explainer video, we look at:
• Oklahoma House Bill 3781
• Prior approval requirements
• Actuarial review of rate increases
• Consumer protection and transparency
• Effective date – July 1, 2027
Useful for insurance professionals, insurtech professionals, business analysts, and IT professionals working on insurance projects.