OK HB1335

Expands uninsured motorist coverage requirements to include protection for injury to or destruction of property, in addition to existing bodily injury and death coverage.

Requires uninsured motorist coverage limits to match the amounts prescribed under Oklahoma's liability insurance requirements, with options to purchase higher limits not exceeding the policyholder's bodily injury liability limits.

Authorizes insurers to recover settlements or judgments from tortfeasors and their assets, with specified limitations when the tortfeasor is also insured but underinsured.

Provides that policy changes creating new coverage do not constitute a policy amendment and do not require completion of new coverage selection forms for renewals or replacements with the same insurer.

Requires insurers to automatically increase minimum uninsured motorist coverage limits to $25,000 per person/$50,000 per occurrence for bodily injury and $25,000 for property damage at the first renewal on or after April 1, 2005, with notice of this change to affected policyholders.

Becomes effective November 1, 2015.