OKL INS reported House passed HB 3089 to provide financial grants to construct or retrofit homes, making them more resilient against tornadoes, windstorms and hail.
Known as the Strengthen Oklahoma homes act; adds new sections to OKL INS 36.
Bill Provisions
New program within Department of Insurance to provide federally funded grants to construct or retrofit properties to resist damage from tornadoes, windstorms and hail.
Achieve specific safety standards by Insurance Institute for Business and Home Safety.
Property owner must hire an approved evaluator to prequalify the property, obtain bids from at least three approved contractors, and follow specific retrofitting standards.
The measure also outlines the safety standard and program regulation responsibilities.
Legislative History
On Feb. 5, 2024, bill introduced in the House; on Mar. 12, 2024, bill passed in House.
On Mar. 13, 2024, bill HB 3089 was then engrossed and introduced in the Senate.
Effectiveness
If enacted, the act shall become effective on Nov. 1, 2024.
May 2024 OKL LEG Governor Approval
On May 13, 2024, OKL LEG, OKL INS reported approval of HB 3089, effective Nov. 1.
In Jun. 2024, OKL INS issued Strengthen Oklahoma Homes Program, see #217246.
Regulators
OKL INS; OKL LEG
Entity Types
Ins
Reference
OKL LEG: Act, 5/13/2024; Bill HB3089, 3/13/2024; OKL INS: PR, 5/13/2024; PR, 3/12/2024; Citation: OKL INS 36;
