Loading chat...

OK SB1498

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Clark Jolley

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Prohibits earthquake insurance carriers from denying coverage by claiming an earthquake was "man-made" in causation
  • Grants insurers the right of subrogation against any party believed responsible for earthquake damage
  • Applies to all insurers issuing earthquake insurance policies covering earthquake damage
  • Becomes effective November 1, 2016
  • Codifies new law as Section 4810 of Title 36 of the Oklahoma Statutes

Legislative Description

Insurance; establishing right of subrogation for man-made earthquakes. Effective date.

Last Action

coauthored by Moore (principal House author)

2/15/2016

Committee Referrals

Judiciary2/3/2016

Full Bill Text

No bill text available