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OK SB1156

Bill

Status

Engrossed

3/14/2012

Primary Sponsor

George Faught

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Repeals 36 O.S. 2011, Section 6092, which previously addressed limitations on subrogation and setoff under automobile liability insurance medical coverage

  • 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

  • Requires disputes over reimbursement liability and amounts between insurers to be resolved through mandatory, binding arbitration

  • Eliminates the right of reimbursement between insurers when the at-fault party's insurer has tendered its full policy limit

  • 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

Committee Referrals

Judiciary3/19/2012
Retirement and Insurance2/7/2012

Full Bill Text

No bill text available