HB2191, as introduced, requires the disclosure of insurers’ corporate governance structures, policies, and
practices to the Insurance Commissioner. HB2191 establishes an annual deadline of June 1 to submit to
the Commissioner a Corporate Governance Annual Disclosure (CGAD) as determined by procedures in
most recent Financial Analysis Handbook adopted by the National Association of Insurance Commissioners. HB2191 lists content to be included in CGAD, allows the Commissioner to request additional information, provides that any documents provided to the Oklahoma Insurance Department in accordance with this act shall be kept confidential, and allows the Commissioner to retain consultants for reviewing of documents.