WeVote
Log In

Bill

Bill

HB 4228

Insurance; public insurance adjusters; total commission payable; limit; One Hundred Thousand Dollars; effective date.

2026 Regular Session Introduced by Chris Kannady

Oklahoma bill caps public insurance adjuster commissions at $100,000 per claim to limit fees paid by policyholders from insurance settlements.

Referred to Rules
0
WeVote Research Nonpartisan
Bill Summary · HB 4228

Legislative bill overview

HB 4228 establishes a cap of $100,000 on the total commission that public insurance adjusters can earn from a single insurance claim in Oklahoma. The bill sets limitations on how much these professionals can charge clients for their services in claim settlements or awards.

Why is this important

Public insurance adjusters help policyholders navigate claim disputes with insurance companies, but their fees can significantly reduce settlement amounts. This cap directly affects how much money claimants actually receive and influences the financial viability of the public adjuster profession in the state.

Potential points of contention

  • Burden on claimants with large claims: A flat $100,000 cap may inadequately compensate adjusters handling complex, high-value claims (e.g., $5 million disaster recovery), potentially discouraging expert representation for substantial cases
  • Market impact on adjuster availability: Limiting compensation could reduce the number of qualified public adjusters willing to serve Oklahoma, particularly for smaller claims where the percentage-based commission would fall below this cap anyway
  • Definition ambiguity: The bill's language around "total commission payable" lacks clarity on whether this applies per claim, per client, or across multiple claims, creating potential enforcement inconsistencies

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.