HB 1671 Summary

• Increases minimum liability insurance limits for motor vehicles issued or renewed on or after November 1, 2015 from $25,000/$50,000/$25,000 to $35,000/$50,000/$35,000 (single person bodily injury/death, multiple persons bodily injury/death, and property damage respectively).

• Applies increased minimum limits to taxicab operators' liability insurance policies, requiring $35,000 per person and $50,000 per accident for bodily injury/death, and $35,000 for property damage.

• Applies increased minimum limits to vocational and area school vehicle insurance policies when vehicles are loaned, with same coverage amounts as taxicabs.

• Updates definition of "minimum liability insurance limits" in Oklahoma Statutes Title 47 to reflect new insurance thresholds effective November 1, 2015.

• Effective date is November 1, 2015.