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OK HB2080

Bill

Status

Failed

4/7/2011

Primary Sponsor

Mike Brown

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends Oklahoma law (36 O.S. 2001, Section 3636) regarding uninsured motorist insurance coverage requirements for motor vehicles registered or principally garaged in Oklahoma.

  • 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.

  • 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.

  • Establishes that stacking is prohibited and coverage limits cannot be increased by combining multiple motor vehicle policies in uninsured motorist claims.

  • 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

Committee Referrals

Insurance2/16/2011
Rules2/8/2011

Full Bill Text

No bill text available