Oklahoma insurance coverage overhaul: HB1498 enforces stricter guidelines on funeral advantages and cybersecurity

For insurers, the invoice mandates the event of a complete written info safety program tailor-made to the dimensions, complexity, and danger profile of the group. Every licensee should conduct periodic danger assessments, designate accountable personnel, and implement administrative, technical, and bodily safeguards to guard private info. Insurers domiciled in Oklahoma are required to submit an annual compliance certification to the Insurance coverage Commissioner by April 15 and retain supporting information for 5 years.