House Bill No. 1084, introduced by Tedford, aims to regulate the assignment of post-loss insurance benefits related to auto, residential, and commercial property insurance in Oklahoma. The bill defines key terms such as "assignment agreement" and "person," and explicitly prohibits the solicitation or acceptance of any assignment of post-loss insurance benefits. It declares such assignment agreements to be against public policy, null and void, and unenforceable. However, exceptions are made for assignments to federally insured financial institutions, mortgagees, or subsequent property purchasers, as well as for liability coverage under insurance policies.

The bill also establishes that violations of these provisions will be treated as unfair or deceptive trade practices, subjecting offenders to penalties outlined in Title 36 of the Oklahoma Statutes. Importantly, the legislation clarifies that it does not prevent attorneys from collecting fees related to property insurance claims, nor does it restrict insured individuals from authorizing payments for services covered under their insurance policies. The act is set to take effect on November 1, 2025.