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OK HB2080
Bill
Status
4/7/2011
Primary Sponsor
Mike Brown
Click for details
AI Summary
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Amends Oklahoma law (36 O.S. 2001, Section 3636) regarding uninsured motorist insurance coverage requirements for motor vehicles registered or principally garaged in Oklahoma.
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Prohibits insurers from increasing uninsured motorist coverage limits through "stacking," which combines coverage from multiple vehicle policies to increase payment limits when an accident involves an uninsured or underinsured motorist.
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Requires insurers to offer uninsured motorist coverage in the same amount as bodily injury liability coverage, with minimum coverage of $25,000 per person/$50,000 per occurrence, and allows policyholders to reject or select different coverage limits in writing.
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Establishes that stacking is prohibited and coverage limits cannot be increased by combining multiple motor vehicle policies in uninsured motorist claims.
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Becomes effective November 1, 2011.
Legislative Description
Insurance; prohibiting stacking of motor vehicle insurance policies; effective date.
Motor Vehicles and Transportation
Last Action
Failed in Committee - Retirement and Insurance
4/7/2011