This bill amends Section 3639.1 of Title 36 of the Oklahoma Statutes, which governs the cancellation, refusal to renew, or premium increases of homeowner's insurance policies. It prohibits insurers from taking such actions solely based on the filing of a first claim after the policy has been in effect for more than 45 days. Additionally, insurers are barred from canceling or refusing to renew policies due to claims that occurred more than five years prior to the policy's effective date or renewal. The bill also restricts insurers from considering an insured's claims history for weather-related claims unless there have been three or more such claims within the last three years.

Furthermore, the bill specifies that insurers may only consider an applicant's at-fault motor vehicle claims history from the preceding three years when rating homeowner's insurance policies. It outlines exceptions for policy cancellations related to nonpayment, fraud, willful acts increasing risk, and other specific circumstances. The effective date for this legislation is set for November 1, 2026.