This bill amends Section 621 of Title 36 of the Oklahoma Statutes, which pertains to the service of process on foreign or alien insurers. The amendments include the requirement for each authorized foreign or alien insurer to appoint the Insurance Commissioner, a resident of the state, or a person authorized to do business in the state as their agent for receiving legal process. The bill modifies the previous stipulation that the appointment of the agent was irrevocable, allowing for more flexibility in the appointment process. Additionally, it clarifies that service of process against these insurers must be made upon the appointed agent rather than solely the Insurance Commissioner.

Furthermore, the bill updates the language regarding the service of process for domestic insurers, allowing service to be made in accordance with general business entity laws or upon the insurer's attorney-in-fact if applicable. It also mandates that insurers must file the name and address of the designated person to whom process should be forwarded at the time of their application for a certificate of authority, with the option to change this designation through a new filing. The act is set to take effect on November 1, 2026.