Oklahoma 2026 Regular Session Status: Passed Senate 2 R cosponsors

SB 1592 — Insurance; allowing rates to be excessive; allowing Commissioner to send objections to certain rates; requiring rates to be filed prior to effective date; establishing rate requirements. Effective date. Emergency.

Last action — Referred to Insurance

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the Senate. Introduced February 02, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the House.

Prognosis

Advancing 50% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • Passed Senate

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

246 added · 464 removed

Plain-language change summary

The amendments to SB 1592 primarily focus on how insurance rates are determined and regulated. Key changes include allowing the Insurance Commissioner to assess whether rates are excessive in specific situations, especially in noncompetitive markets, and requiring all insurers to submit their rate information for review. Additionally, there's a new provision that prohibits classifying risks based on the religion of the insured, which helps ensure fair treatment for all individuals. These changes aim to enhance consumer protection by promoting transparency and fairness in the insurance market.

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SENATE FLOOR VERSION March 5, 2026 3 COMMITTEE SUBSTITUTE FOR SENATE BILL NO.
ENGROSSED SENATE BILL NO.
Rosino and Reinhardt 6 [ insurance - excessive - discriminatory - rates - information - submissions - notice - consideration - hearing - burden - premium return - interest - time period - discontinuance – repealer - effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
Rosino and Reinhardt of the Senate and Stinson of the House 6 [ insurance - excessive - discriminatory - rates - information - submissions - notice - consideration - hearing - burden - premium return - interest - time period - discontinuance - effective date ] 9 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
2021, Section 981, is amended to read as follows:
Section 981.
Short Title and Purposes of Act.
A.
Sections 981 through 998 of this title and Sections 22, 23 and 24 of this act shall constitute a part of the Oklahoma Insurance Code and shall be known and may be cited as the “Property and Casualty Competitive Loss Cost Rating Act”.
B.
The purposes of the Property and Casualty Competitive Loss Cost Rating Act are:
1.
To promote price competition among insurers so as to provide rates that are responsive to competitive market conditions;
2.
To protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates;
SENATE FLOOR VERSION - SB1592 SFLR Page 1 (Bold face denotes Committee Amendments) 3.
To prohibit unlawful price-fixing agreements and other anticompetitive behavior by insurers;
4.
To provide regulatory procedures for the maintenance of appropriate data reporting systems;
5.
To provide regulatory controls in the absence of a competitive marketplace;
and 6.
To authorize essential cooperative action among insurers in the ratemaking process and to regulate such activity to prevent practices that substantially lessen competition or create a monopoly.
SECTION 2.
AMENDATORY 36 O.S.
2021, Section 982, is amended to read as follows:
Section 982.
Definitions.
As used in the Property and Casualty Competitive Loss Cost Rating Act:
1.
“Accepted actuarial standards” means the standards adopted by the Casualty Actuarial Society Statement of Principles regarding property and casualty ratemaking or the Standards of Practice adopted by the Actuarial Standards Board;
2.
“Advisory organization” means any corporation, unincorporated association, partnership or person, whether located inside or outside this state, that is licensed in accordance with Section 1140 of this title and which assists insurers in ratemaking- related activities such as enumerated in Section 1142 of this title;
SENATE FLOOR VERSION - SB1592 SFLR Page 2 (Bold face denotes Committee Amendments) 3.
“Classification system” or “classification” means the process of grouping risks with similar risk characteristics so that differences in costs may be recognized;
4.
“Commercial risk” means any kind of risk that is not a personal risk;
5.
“Commissioner” means the Commissioner of Insurance of this state;
6.
“Competitive market” means a market which has not been found to be noncompetitive pursuant to Section 984 of this title;
7.
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“Developed losses” means losses, including loss adjustment expenses, adjusted using accepted actuarial standards, to eliminate the effect of differences between current payment or reserve estimates and those which are anticipated to provide actual ultimate loss, including loss adjustment expense payments;
8.
7.
“Expenses” means that portion of a rate attributable to acquisition, field supervision, collection expenses, general expenses, taxes, licenses and fees;
9.
8.
“Experience rating” means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder’s loss experience against the loss experience of policyholders in the same classification to produce a prospective premium credit, debit or unity modification;
SENATE FLOOR VERSION - SB1592 SFLR Page 3 (Bold face denotes Committee Amendments) 10.
9.
“Joint underwriting” means a voluntary arrangement established to provide insurance coverage for a risk pursuant to which two or more insurers jointly contract with the insured at a price and under policy terms agreed upon between the insurers;
11.
10.
“Loss adjustment expense” means the expenses incurred by the insurer in the course of settling claims;
12.
11.
“Market” means the statewide interaction between buyers and sellers of identical or readily substitutable products that provide insurance protection of identifiable perils to buyers;
13.
12.
“Mass marketed plan” means a method of selling property-liability insurance wherein the insurance is offered to employees of particular employers or to members of particular associations or organizations or to persons grouped in other ways, and the employer or association or other organization has agreed to, or otherwise affiliated itself with, the sale of such insurance to its employees or members;
14.
“Noncompetitive market” means a market for which there is a ruling in effect pursuant to Section 984 of this title that a reasonable degree of competition does not exist;
15.
13.
“Personal risk” means homeowners, tenants, private passenger nonfleet automobiles, manufactured homes and other property and casualty insurance for personal, family or household needs, including any property and casualty insurance that is otherwise intended for noncommercial coverage;
SENATE FLOOR VERSION - SB1592 SFLR Page 4 (Bold face denotes Committee Amendments) 16.
14.
“Pool” means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis.
The pool may operate through an association, syndicate or other pooling agreement;
17.
15.
“Prospective loss costs” means historical aggregate losses and may include loss adjustment expenses, including all assessments that are loss based, projected through development to their ultimate value and through trending to a future point in time;
18.
16.
“Pure premium rate” means that portion of the rate which represents the loss costs per unit of exposure including loss adjustment expense;
19.
17.
“Rate” or “rates” means that cost of insurance per exposure unit whether expressed as a single number or as a prospective loss cost with an adjustment to account for the treatment of expenses, profit, and individual insurer variation in loss experience, prior to any application of individual risk variations based on loss or expense considerations, and does not include minimum premium;
20.
18.
“Residual market mechanism” means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment among them of insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods;
SENATE FLOOR VERSION - SB1592 SFLR Page 5 (Bold face denotes Committee Amendments) 21.
19.
“Special assessments” means guaranty fund assessments, Special Indemnity Fund assessments, Vocational Rehabilitation Fund assessments, and other similar assessments.
Special assessments shall not be considered as either expenses or losses;
22.
20.
“Statistical plan” means the plan, system or arrangement used in collecting data;
23.
21.
“Supplementary rating information” means any manual or plan of rates, classification, rating schedule, minimum premium, policy fee rating rule and any other information needed to determine the applicable premium in effect or to be in effect.
This includes, rating plans, territory codes and descriptions and rules which include factors or relativities such as increased limits factors, deductible discounts or relativities, classification relativities or similar factors used to determine the rate in effect or to be in effect;
24.
22.
“Supporting information” means the experience and judgment of the filer and the experience or data of other insurers or advisory organizations relied upon by the filer, the interpretation of any other data relied upon by the filer, descriptions of methods used in making the rates and any other information required by the Commissioner to be filed;
and 25.
23.
“Trending” means any procedure for projecting losses to the average date of loss, or premiums or exposures to the average SENATE FLOOR VERSION - SB1592 SFLR Page 6 (Bold face denotes Committee Amendments) date of writing, for the period during which the policies are to be effective.
SECTION 3.
AMENDATORY 36 O.S.
A rate may shall not be excessive, inadequate, or unfairly discriminatory.
A rate may not be excessive, inadequate or unfairly discriminatory.
A rate in a noncompetitive market may be determined to be excessive if it is likely to produce a profit that is unreasonably high for the insurance provided A rate may be determined to be excessive if it is unreasonably high for the insurance provided or is unreasonably high in relation to the services rendered.
A rate in a noncompetitive market may be determined to be excessive if it, based on actuarial review, the rate is likely to produce a profit that is unreasonably high for the insurance provided.
The Insurance Commissioner shall send an objection to the insurer and shall give the insurer the opportunity to respond and provide additional supporting information prior to making a final determination that the rate is excessive.
A rate may shall not be determined to be inadequate unless:
A rate may not be determined to be inadequate unless:
a.
ENGR.
S.
B.
NO.
1592 Page 1 a.
A rate may shall not be determined to be unfairly discriminatory SENATE FLOOR VERSION - SB1592 SFLR Page 7 (Bold face denotes Committee Amendments) because different premiums result for policyholders with like loss exposures but different expense levels, or like expenses but different loss exposures, or if it averaged broadly among persons insured within a group, franchise or blanket policy or a mass- marketed plan.
A rate may not be determined to be unfairly discriminatory because different premiums result for policyholders with like loss exposures but different expense levels, or like expenses but different loss exposures, or if it averaged broadly among persons insured within a group, franchise or blanket policy or a mass-marketed plan.
4.
ENGR.
S.
B.
NO.
1592 Page 2 4.
Classification rates SENATE FLOOR VERSION - SB1592 SFLR Page 8 (Bold face denotes Committee Amendments) may be modified to produce rates for individual risks in accordance with rating plans which establish standards for measuring variations in hazards or expense provisions, or both.
Classification rates may be modified to produce rates for individual risks in accordance with rating plans which establish standards for measuring variations in hazards or expense provisions, or both.
No risk classification however, may shall be based on race, color, creed, national origin, or the religion of the insured.
No risk classification, however, may be based on race, color, creed, national origin, or the religion of the insured.
F.
ENGR.
S.
B.
NO.
1592 Page 3 F.
SECTION 4.
SECTION 2.
2021, Section 986, is amended to read as follows:
Section 986.
Rate Administration.
A.
In only those markets found to be noncompetitive pursuant to Section 984 of this title, insurers Insurers and advisory organizations shall file with the Insurance Commissioner and the SENATE FLOOR VERSION - SB1592 SFLR Page 9 (Bold face denotes Committee Amendments) Commissioner shall review reasonable rules and plans for recording and reporting their the insurers and advisory organizations rates, loss and expense experience and other information determined by the Commissioner to be necessary or appropriate for the administration of the Property and Casualty Competitive Loss Cost Rating Act.
The Commissioner may designate one or more advisory organizations or other agencies to assist in gathering such experience and making compilation thereof compiling such information.
B.
Reasonable rules and plans may be promulgated by the Commissioner for the exchange of data necessary for the development and application of rating plans.
C.
In order to further uniform administration of rate regulatory laws, the Commissioner and every insurer and advisory organization may exchange information and experience data with insurance supervisory officials, insurers, and advisory organizations in other states and may consult with them with respect to the application of rating systems.
D.
Cooperation among advisory organizations or among advisory organizations and insurers in ratemaking or in other matters within the scope of the Property and Casualty Competitive Loss Cost Rating Act is shall be authorized.
The Commissioner may review such cooperative activities and practices, and if, after a hearing, any such activity or practice is found to violate the provisions of the Property and Casualty Competitive Loss Cost Rating Act, a written SENATE FLOOR VERSION - SB1592 SFLR Page 10 (Bold face denotes Committee Amendments) order may be issued specifying that such activity or practice violates the provisions of this act and requiring the discontinuance of such activity.
SECTION 5.
AMENDATORY 36 O.S.
In a competitive market, every Every insurer shall file with the Insurance Commissioner all rates and supplementary rate information, and any additional information requested by the Commissioner, to be used in this state no later than thirty (30) days after at least sixty (60) calendar days prior to the effective date;
In a competitive market, every insurer shall file with the Insurance Commissioner all rates and, supplementary rate information to be used in this state no later than thirty (30) days after the effective date;
The Commissioner may give written notice, within thirty (30) sixty (60) days of receipt of the filing, that the Commissioner needs additional time, not to exceed thirty (30) sixty (60) days from the date of the notice to consider the filing.
The Commissioner may give written notice, within thirty (30) days of receipt of the filing, that the Commissioner needs additional time, not to exceed thirty (30) days from the date of the notice to consider the filing.
Upon written application of the insurer, the Commissioner may authorize rates to be effective before the expiration of the waiting period or an extension thereof of the waiting period.
Upon written application of the insurer, the Commissioner may authorize rates to be effective before the expiration of the waiting period or an extension thereof.
A filing shall be SENATE FLOOR VERSION - SB1592 SFLR Page 11 (Bold face denotes Committee Amendments) deemed to meet the requirements of the Property and Casualty Competitive Loss Cost Rating Act and to become effective unless disapproved pursuant to this title by the Commissioner before the expiration of the waiting period or an extension thereof of the waiting period.
A filing shall be deemed to meet the requirements of the Property and Casualty Competitive Loss Cost Rating Act and to become effective unless disapproved pursuant to this title by the ENGR.
S.
B.
NO.
1592 Page 4 Commissioner before the expiration of the waiting period or an extension thereof.
Every authorized insurer shall file with the Commissioner, except as to rates for those lines of insurance exempted from the provisions of the Property and Casualty Competitive Loss Cost Rating Act by the Commissioner under subsections E and F of this section and except for those risks designated as special risks under Section 997 of this title, all rates, supplementary rate information, any additional information requested by the Commissioner, and any changes and amendments which it proposes to use.
Every authorized insurer shall file with the Commissioner, except as to rates for those lines of insurance exempted from the provisions of the Property and Casualty Competitive Loss Cost Rating Act by the Commissioner under subsections E and F of this section and except for those risks designated as special risks under Section 997 of this title, all rates, supplementary rate information and any changes and amendments which it proposes to use.
Such loss cost multiplier filing and expense constant filings made by insurers SENATE FLOOR VERSION - SB1592 SFLR Page 12 (Bold face denotes Committee Amendments) shall remain in effect until amended or withdrawn by the insurer.
Such loss cost multiplier filing and expense constant filings made by insurers shall remain in effect until amended or withdrawn by the insurer.
Under rules as may be adopted, the Commissioner may, by written order, suspend or modify the requirement of filing as to any kind of insurance, subdivision or combination thereof, or as to classes of risks.
Under rules as may be adopted, the Commissioner may, by written order, suspend or modify the requirement of filing as to any ENGR.
S.
B.
NO.
1592 Page 5 kind of insurance, subdivision or combination thereof, or as to classes of risks.
Notwithstanding any other provision of the Property and Casualty Competitive Loss Cost Rating Act, upon:
Notwithstanding any other provision of the Property and Casualty Competitive Loss Cost Rating Act, upon the written consent of the insured in a separate written document, a rate in excess of that determined in accordance with the other provisions of the Property and Casualty Competitive Loss Cost Rating Act may be used on a specific risk.
1.
Upon the written consent of the insured in a separate written document, a rate in excess of that determined in accordance with the other provisions of the Property and Casualty Competitive Loss Cost Rating Act may be used on a specific risk;
and 2.
Whenever a filing has an overall rate impact of more than fifteen percent (15%), inclusive of any rate adjustments, add-ons, deductibles, or deviations in a twelve-month period to an existing rate, the Commissioner may hold a hearing to determine if such change is excessive.
The burden shall be on the insurer to show that such rate is not excessive, and the rate shall not become effective until approved by the Commissioner.
A filing and any supporting information required to be filed shall be open to public inspection once the filing becomes effective except information marked confidential, trade secret, or proprietary by the insurer or filer and except the filings of an advisory organization which shall be open to public inspection upon the SENATE FLOOR VERSION - SB1592 SFLR Page 13 (Bold face denotes Committee Amendments) received date of the rate, loss cost, or manual rule change.
A filing and any supporting information required to be filed shall be open to public inspection once the filing becomes effective except information marked confidential, trade secret, or proprietary by the insurer or filer and except the filings of an advisory organization which shall be open to public inspection upon the received date of the rate, loss cost, or manual rule change.
The Commissioner may disapprove of the insurer’s request for confidential filing status.
The Commissioner may disapprove of the insurer’s request for confidential filing status, and supporting information for the rates and for the risks that are to be written in this state, and any additional information or documentation requested by the Commissioner specific to this state.
SECTION 6.
All rates, supplementary information, and supporting information shall be filed thirty (30) days prior to the effective date of such rate.
A filing shall be ENGR.
S.
B.
NO.
1592 Page 6 deemed to meet the requirements of this act and may become effective:
1.
Upon the expiration of the waiting period unless objected to or disapproved by the Commissioner;
or 2.
Prior to expiration of the waiting period, upon application by the insurer that has been approved by the Commissioner.
B.
In a competitive market, if the Commissioner determines, after a notice or by agreement, that an insurer’s rates require closer supervision, the insurer shall file with the Commissioner all rates, supplementary information, and supporting information prescribed by the Commissioner at least sixty (60) days prior to the effective date of such rates.
The insurer may request a hearing before the Commissioner or an independent hearing examiner to determine the reasonableness of the Commissioner’s action by written request upon the Commissioner within thirty (30) days of the notice of the Commissioner requiring closer supervision of such insurer.
C.
In a noncompetitive market, every insurer shall file with the Commissioner all rates, supplementary information, and supporting information for the rates and for the risks that are to be written in this state, and any additional information or documentation requested by the Commissioner specific to this state for such market.
All rates, supplementary information, and supporting information shall be filed at least sixty (60) days prior ENGR.
S.
B.
NO.
1592 Page 7 to the effective date of such rates.
A filing shall be deemed to meet the requirements of this act and may become effective:
1.
Upon the expiration of the waiting period unless disapproved by the Commissioner;
or 2.
Prior to expiration of the waiting period, upon application by the insurer that has been approved by the Commissioner.
D.
If a private passenger automobile, homeowner’s multi-peril, or dwelling fire policy’s overall rate is increased pursuant to the provisions of this section, the Commissioner shall publish notice of such rate increase and overall percentage of such rate increase on the Insurance Department’s website.
SECTION 3.
ENGR.
S.
NO.
1592 Page 8 B.
Prior to the expiration of a waiting period or an extension thereof of the waiting period, made pursuant to subsection B of Section 987 of this title, the Commissioner may disapprove, by written order, rates filed pursuant to subsection B of Section 987 of this title with notice and SENATE FLOOR VERSION - SB1592 SFLR Page 14 (Bold face denotes Committee Amendments) opportunity for a hearing.
Prior to the expiration of a waiting period or an extension thereof, made pursuant to subsection B of Section 987 of this title, the Commissioner may disapprove, by written order, rates filed pursuant to subsection B of Section 987 of this title with notice and opportunity for a hearing.
The order shall specify in what respects the filing fails to meet the requirements of this act.
The order shall specify in what respects the filing fails to meet the requirements of this act the Property and Casualty Competitive Loss Cost Rating Act.
If, at any time after a rate is effective, the Commissioner finds that a rate applicable to insurance sold in a noncompetitive market does not comply with the standards set forth in Section 985 of this title, the Commissioner may, after a hearing held upon not less than twenty (20) days’ written notice, issue an order pursuant to subsection C of this section, disapproving such rate.
If, at any time after the rate goes into effect, the Commissioner finds that a rate applicable to insurance sold in a noncompetitive market does not comply with the standards set forth in Section 985 of this title, the Commissioner may, after a hearing held upon not less than twenty (20) days’ written notice, issue an order pursuant to subsection C of this section, disapproving such rate.
The disapproval order shall not affect any contract or policy made or issued prior to the effective date set forth in the order If a rate is found to be excessive or discriminatory, the Commissioner may order a return of premium to policyholders which shall include interest accrued at an annual rate equal to the average United States Treasury Bill rate of the preceding calendar year as certified by the State Treasurer on the first regular business day in January of each year, plus four (4) percentage points.
The disapproval order shall not affect any contract or policy made or issued prior to the effective date set forth in the order.
If, at any time, the Commissioner finds that a rate applicable to insurance sold in a competitive market is inadequate SENATE FLOOR VERSION - SB1592 SFLR Page 15 (Bold face denotes Committee Amendments) or unfairly discriminatory under paragraph 2 or 3 of subsection A of Section 985 of this title, the Commissioner may issue an order pursuant to subsection C of this section disapproving the rate.
If, at any time, the Commissioner finds that a rate applicable to insurance sold in a competitive market is inadequate ENGR.
S.
B.
NO.
1592 Page 9 or unfairly discriminatory under paragraph 2 or 3 of subsection A of Section 985 of this title, the Commissioner may issue an order pursuant to subsection C of this section disapproving the rate.
If the Commissioner disapproves a rate pursuant to subsection B of this section, the Commissioner shall issue an order within thirty (30) days of the close of the hearing specifying in what respects the rate fails to meet the requirements of this act.
If the Commissioner disapproves a rate pursuant to subsection B of this section, the Commissioner shall issue an order within thirty (30) days of the close of the hearing specifying in what respects the rate fails to meet the requirements of this act the Property and Casualty Competitive Loss Cost Rating Act.
If an order of disapproval is appealed pursuant to Section 990 of this title, the insurer may implement the disapproved rate upon notification to the court, in which case any excess of the disapproved rate over a rate previously in effect, in addition to any interest applicable pursuant to the provisions of paragraph 2 of subsection B of this section, shall be placed in a reserve established by the insurer.
If an order of disapproval is appealed pursuant to Section 990 of this title, the insurer may implement the disapproved rate upon notification to the court, in which case any excess of the disapproved rate over a rate previously in effect shall be placed in a reserve established by the insurer.
The funds shall be SENATE FLOOR VERSION - SB1592 SFLR Page 16 (Bold face denotes Committee Amendments) distributed as determined by the court in its final order except that de minimus refunds to policyholders shall not be required.
The funds shall be distributed as determined by the court in its final order except ENGR.
S.
B.
NO.
1592 Page 10 that de minimus minimis refunds to policyholders shall not be required.
D.
SECTION 7.
SECTION 4.
AMENDATORY 36 O.S.
This act shall become effective July 1, 2027.
2021, Section 994, is amended to read as follows:
Passed the Senate the 25th day of March, 2026.
Section 994.
9 Presiding Officer of the Senate Passed the House of Representatives the ____ day of __________, 2026.
Advisory Organizations;
Presiding Officer of the House of Representatives ENGR.
Filing Requirements.
S.
Every advisory organization shall file with the Insurance Commissioner for approval every statistical plan, all prospective loss costs, provisions for special assessments and all supplementary rating information, any additional information requested by the Commissioner, and every change or amendment or modification of any of the foregoing such information proposed for use in this state at least thirty (30) sixty (60) days prior to its effective date.
The Commissioner may give written notice, within sixty (60) days of receipt of the filing that the Commissioner needs additional time, not to exceed sixty (60) days from the date of the notice to consider filing.
Such filings will shall be deemed approved unless disapproved within the waiting period.
SECTION 8.
AMENDATORY 36 O.S.
2021, Section 995, as amended by Section 1, Chapter 304, O.S.L.
2022 (36 O.S.
Supp.
2025, Section 995), is amended to read as follows:
SENATE FLOOR VERSION - SB1592 SFLR Page 17 (Bold face denotes Committee Amendments) Section 995.
Joint Underwriting, Joint Reinsurance Pool and Residual Market Activities.
A.
Notwithstanding paragraph 3 of subsection A of Section 992 of this title, insurers participating in joint underwriting, joint reinsurance pools, or residual market mechanisms may in connection with such activity act in cooperation with each other in the making of rates, rating systems, policy forms, underwriting rules, surveys, inspections and investigations, the furnishing of loss and expense statistics or other information, or carrying on research.
Joint underwriting, joint reinsurance pools, and residual market mechanisms shall not be deemed an advisory organization.
Except to the extent modified by this section, joint underwriting, joint reinsurance pool, and residual market mechanism activities are shall be subject to the other provisions of the Property and Casualty Competitive Loss Cost Rating Act.
NO.
C.
1592 Page 11
If, after a hearing, the Insurance Commissioner finds that any activity or practice of an insurer participating in joint underwriting or a pool is unfair, is unreasonable, will tend to lessen competition in any market, or is otherwise inconsistent with the provisions or purposes of the Property and Casualty Competitive Loss Cost Rating Act, the Commissioner may shall issue a written order and require the discontinuance of such activity or practice.
D.
Every pool shall file with the Commissioner a copy of its the pool’s constitution, articles of incorporation, agreement or SENATE FLOOR VERSION - SB1592 SFLR Page 18 (Bold face denotes Committee Amendments) association, bylaws, rules and regulations governing its the pool’s activities, list of members, the name and address of a resident of this state upon whom notice, orders of the Commissioner, or process may be served, and any changes in amendments or changes in the foregoing such information.
E.
Any residual market mechanism, plan or agreement to implement such a mechanism, and any changes or amendments thereto, shall be submitted in writing to the Commissioner for consideration and approval, together with such information as may be reasonably required.
SECTION 9.
REPEALER 36 O.S.
2021, Sections 984 and 985.1, are hereby repealed.
SECTION 10.
This act shall become effective November 1, 2026.
COMMITTEE REPORT BY:
COMMITTEE ON BUSINESS AND INSURANCE March 5, 2026 - DO PASS AS AMENDED BY CS SENATE FLOOR VERSION - SB1592 SFLR Page 19 (Bold face denotes Committee Amendments)
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Action History

  1. Referred to Insurance

  2. Second Reading referred to Commerce and Economic Development Oversight

  3. First Reading

  4. Engrossed to House

  5. Referred for engrossment

  6. Measure passed: Ayes: 44 Nays: 1

  7. Ayes: 36 Nays: 8

  8. Advanced to Third Reading

  9. General Order, Amended by Floor Substitute

  10. Coauthored by Representative Stinson (principal House author)

  11. Placed on General Order

  12. Title stricken

  13. Reported Do Pass, amended by committee substitute Business and Insurance committee; CR filed

  14. Coauthored by Senator Reinhardt

  15. Second Reading referred to Business and Insurance

  16. Authored by Senator Rosino

  17. First Reading

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 149 not signed on · 9 voted No

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Advance

Passed 36 Yea · 8 Nay · 4 Other
Party YeaNayPresentNot Voting
Republican 29802
Democrat 7002
Total 36804
% of votes cast 75%17%0%8%
How each member voted (48)
Member Party Vote
Carri Hicks Democrat Yea
Jo Anna Dossett Democrat Yea
Julia Kirt Democrat Yea
Mark Mann Democrat Not Voting
Mary B. Boren Democrat Yea
Michael Brooks Democrat Yea
Nikki Nice Democrat Not Voting
Regina Goodwin Democrat Yea
Ronald Stewart Democrat Yea
Aaron Reinhardt Republican Yea
Adam Pugh Republican Not Voting
Ally Seifried Republican Yea
Avery Frix Republican Yea
Bill Coleman Republican Yea
Brenda Stanley Republican Yea
Brent Howard Republican Yea
Brian Guthrie Republican Nay
Bryan Logan Republican Yea
Casey Murdock Republican Yea
Christi Gillespie Republican Yea
Dana Prieto Republican Nay
Darcy Jech Republican Yea
Dave Rader Republican Yea
David Bullard Republican Yea
District 24 Republican Yea
Dusty Deevers Republican Nay
George Burns Republican Nay
Grant Green Republican Yea
Jerry Alvord Republican Yea
John Haste Republican Yea
Jonathan Wingard Republican Not Voting
Julie Daniels Republican Yea
Julie McIntosh Republican Yea
Kelly Hines Republican Yea
Kendal Sacchieri Republican Nay
Kristen Thompson Republican Yea
Lisa Standridge Republican Nay
Lonnie Paxton Republican Yea
Micheal Bergstrom Republican Yea
Paul Rosino Republican Yea
Randy Grellner Republican Nay
Rob Hall Republican Yea
Roland Pederson Republican Yea
Shane Jett Republican Nay
Spencer Kern Republican Yea
Todd Gollihare Republican Yea
Tom Woods Republican Yea
Warren Hamilton Republican Yea

Official roll call →

Third Reading

Passed 44 Yea · 1 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 35103
Democrat 9000
Total 44103
% of votes cast 92%2%0%6%
How each member voted (48)
Member Party Vote
Carri Hicks Democrat Yea
Jo Anna Dossett Democrat Yea
Julia Kirt Democrat Yea
Mark Mann Democrat Yea
Mary B. Boren Democrat Yea
Michael Brooks Democrat Yea
Nikki Nice Democrat Yea
Regina Goodwin Democrat Yea
Ronald Stewart Democrat Yea
Aaron Reinhardt Republican Yea
Adam Pugh Republican Not Voting
Ally Seifried Republican Yea
Avery Frix Republican Yea
Bill Coleman Republican Yea
Brenda Stanley Republican Yea
Brent Howard Republican Yea
Brian Guthrie Republican Yea
Bryan Logan Republican Yea
Casey Murdock Republican Yea
Christi Gillespie Republican Yea
Dana Prieto Republican Yea
Darcy Jech Republican Yea
Dave Rader Republican Yea
David Bullard Republican Yea
District 24 Republican Yea
Dusty Deevers Republican Yea
George Burns Republican Yea
Grant Green Republican Yea
Jerry Alvord Republican Yea
John Haste Republican Yea
Jonathan Wingard Republican Yea
Julie Daniels Republican Not Voting
Julie McIntosh Republican Yea
Kelly Hines Republican Yea
Kendal Sacchieri Republican Yea
Kristen Thompson Republican Yea
Lisa Standridge Republican Yea
Lonnie Paxton Republican Not Voting
Micheal Bergstrom Republican Yea
Paul Rosino Republican Yea
Randy Grellner Republican Yea
Rob Hall Republican Yea
Roland Pederson Republican Yea
Shane Jett Republican Nay
Spencer Kern Republican Yea
Todd Gollihare Republican Yea
Tom Woods Republican Yea
Warren Hamilton Republican Yea

Official roll call →

Do Pass Amended Cs

Passed 9 Yea · 1 Nay
Party YeaNayPresentNot Voting
Republican 8000
Democrat 1100
Unaffiliated 0002
Total 9102
% of votes cast 75%8%0%17%
How each member voted (12)
Member Party Vote
STRIKE THE TITLE - ADOPTED — Not Voting
AMD SB1592 PCS - ADOPTED (Request No: 3787) — Not Voting
Mark Mann Democrat Yea
Michael Brooks Democrat Nay
Aaron Reinhardt Republican Yea
Adam Pugh Republican Yea
Bill Coleman Republican Yea
Brian Guthrie Republican Yea
District 24 Republican Yea
Jerry Alvord Republican Yea
Lisa Standridge Republican Yea
Randy Grellner Republican Yea

Official roll call →

Subjects

finance health-insurance
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Frequently asked questions

Who sponsors SB 1592?
SB 1592 is sponsored by Paul Rosino (Republican) and Preston Stinson (Republican).
What is the current status of SB 1592?
This bill has passed the Senate. Introduced February 02, 2026. It now moves to the second chamber.
Where can I track SB 1592?
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