Life insurance policies not considered long-term care insurance unless marketed so.
Establishes specific documentation requirements for individual insurers filing merger or acquisition statements, mandating the inclusion of five years of personal financial data.
Prohibits individuals from selling or negotiating long-term care insurance without being licensed as an insurance producer for accident and health or life insurance.
Bulletins published by previous Insurance Commissioners shall expire 90 days after inauguration of next Insurance Commissioner; unless extended by new Commissioner.
Removes the sunset date for the Strengthen Oklahoma Homes Program and expands length of program indefinitely; repeals the law related to the State Innovation Waiver.
Legislative History
On Feb. 2, 2026, bill introduced in House; on Mar. 25, 2026, bill passed in House.
On Mar. 30, 2026, bill introduced in Senate; on May 4, 2026, bill passed in Senate.
Effectiveness
Upon approval, this act shall become effective Nov. 1, 2026.
May 2026 OKL LEG Governor Approval
On May 11, 2026, OKL LEG reported that the bill was approved by the governor.
Regulators
OKL LEG
Entity Types
Ins
Reference
Act, 5/11/2026; Bill, HB3796, 5/4/2026; Citation: OKL INS 36;
