This bill establishes a new legal provision that prohibits insurers from increasing motor vehicle liability insurance premiums solely due to the removal of a deceased spouse from the policy. It clarifies that such a removal will not be considered a material change in risk for underwriting, rating classification, or premium calculation purposes. However, the bill allows insurers to increase premiums at renewal for other documented reasons, such as changes in driving records or claims history, as well as for rate changes approved by the Oklahoma Insurance Department that apply uniformly to a class of insureds.

Additionally, any premium increase that violates this provision will be deemed void and unenforceable, requiring insurers to refund any excess premiums collected. The bill is set to take effect on November 1, 2026, and aims to protect policyholders from unjust premium increases related to the loss of a spouse.