SB 991 Summary

• Amends 36 O.S. 2011, Section 3636 to regulate uninsured motorist insurance coverage requirements for motor vehicles registered or principally garaged in Oklahoma.

• Prohibits stacking or aggregation of uninsured motorist coverage limits on policies issued, renewed, or reinstated after November 1, 2014, unless expressly provided by the insurance carrier.

• Requires insurers to offer uninsured motorist coverage in the same amount as bodily injury liability coverage, with minimum limits of $25,000 per person/$50,000 per occurrence unless a policyholder opts for different limits or rejects coverage.

• Allows insureds to reject uninsured motorist coverage in writing, with the rejection remaining valid for the life of the policy across renewals, reinstatements, and amendments by the same insurer or affiliates.

• Effective November 1, 2014.