Senate Bill 991 Summary

• Amends 36 O.S. 2011, Section 3636 regarding uninsured motorist insurance coverage requirements for motor vehicles registered in Oklahoma.

• Prohibits the stacking of uninsured motorist insurance policies for vehicles issued prior to January 1, 2014, preventing multiple vehicle policies from being combined to increase payment limits in accidents with uninsured or underinsured motorists.

• Maintains existing requirements that insurers offer uninsured motorist coverage at minimum amounts prescribed by law, with options for higher limits not exceeding bodily injury liability policy limits.

• Includes provisions for insolvency protection, subrogation rights, and allows named insureds to reject uninsured motorist coverage in writing with standardized approval forms.

• Becomes effective November 1, 2013.