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.

Additionally, the bill outlines that violations of these provisions will be treated as unfair or deceptive trade practices, subjecting violators to penalties as specified in Title 36 of the Oklahoma Statutes. It clarifies that attorneys are still permitted to collect fees related to property insurance claims and that insured individuals can authorize payments for services covered under their policies. The act is set to take effect on November 1, 2025.