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Bill > HB3614
OK HB3614
OK HB3614Insurance; motor vehicle liability policies; modifying minimum coverage requirements; effective date.
summary
Introduced
02/03/2020
02/03/2020
In Committee
02/04/2020
02/04/2020
Crossed Over
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to insurance; amending 47 O.S. 2011, Section 7-324, which relates to motor vehicle liability policies; modifying minimum insurance coverage requirements; and providing an effective date.
AI Summary
This bill amends Oklahoma's law on motor vehicle liability policies to increase the minimum insurance coverage requirements. Specifically, it raises the minimum bodily injury liability coverage from $25,000 per person and $50,000 per accident to $50,000 per person and $100,000 per accident, and the minimum property damage liability coverage from $25,000 to $50,000 per accident. The bill also makes some technical changes to the definition of a "motor vehicle liability policy" and the provisions that must be included in such policies. The bill is set to take effect on November 1, 2020.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Second Reading referred to Insurance (on 02/04/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3614&Session=2000 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/hB/HB3614%20INT.PDF |
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