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, declaring such agreements null and void. However, it provides exceptions for assignments made to federally insured financial institutions, mortgagees, or subsequent property purchasers, as well as for liability coverage under insurance policies. Violations of this prohibition are classified as unfair or deceptive trade practices, subjecting offenders to penalties outlined in existing statutes.

Additionally, the bill 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 new provisions will be codified as Section 1230 of Title 36 in the Oklahoma Statutes and are set to take effect on November 1, 2025.