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OK SB933
Bill
Status
2/7/2011
Primary Sponsor
Constance Johnson
Click for details
AI Summary
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Amends 36 O.S. 2001, Section 3636 to modify uninsured motorist coverage requirements for motor vehicle insurance policies in Oklahoma.
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Requires insurance companies to provide a revised standardized form (effective November 1, 2011) offering uninsured motorist coverage options with specific language about coverage limitations and benefits.
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Clarifies that uninsured motorist coverage does not cover vehicle damage unless specifically provided in the policy, and must be explicitly stated in bold on the disclosure form.
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Maintains existing requirements for coverage amounts matching bodily injury liability limits and allows insureds to reject coverage in writing.
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Effective date: November 1, 2011.
Legislative Description
Motor vehicle insurance; uninsured motorist coverage. Effective date.
Insurance
Last Action
Second Reading referred to Retirement and Insurance
2/14/2011