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OK SB1920

Bill

Official Source

Status

Engrossed

2/24/2026

Primary Sponsor

Aaron Reinhardt

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Increases the damage threshold requiring salvage title issuance from 60% to 70% of fair market value for vehicles where repair costs exceed that percentage
  • Applies to both insured vehicles where insurance pays a claim and uninsured vehicles damaged by collision or other occurrence
  • Raises the threshold from 60% to 70% for insurance companies to notify title holders and Service Oklahoma when paying claims on damaged vehicles
  • Updates statutory references including changing "National Auto Dealers Association" to "National Automobile Dealers Association" and paragraph numbering from 40 to 41
  • Effective date of November 1, 2026

Legislative Description

Motor vehicle insurance; increasing certain percent damage required for title return. Effective date.

Last Action

First Reading

2/24/2026

Committee Referrals

Business and Insurance2/3/2026

Full Bill Text

No bill text available