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OK SB1156
Bill
Status
3/14/2012
Primary Sponsor
George Faught
Click for details
AI Summary
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Repeals 36 O.S. 2011, Section 6092, which previously addressed limitations on subrogation and setoff under automobile liability insurance medical coverage
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Establishes new rules for personal injury protection (PIP) coverage requiring insurers of at-fault parties to reimburse other insurers (including workers' compensation) who paid PIP benefits to injured persons
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Requires disputes over reimbursement liability and amounts between insurers to be resolved through mandatory, binding arbitration
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Eliminates the right of reimbursement between insurers when the at-fault party's insurer has tendered its full policy limit
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Effective date: November 1, 2012
Legislative Description
Insurance; repealing law relating to limitations on subrogation and setoff under medical coverage. Effective date.
Insurance
Last Action
CR; Do not pass Judiciary Committee
4/10/2012