Bill > HB2932

This bill modifies Oklahoma law regarding damages in bodily injury claims, establishing new limitations and provisions for compensation. It defines key terms like economic damages (financial losses such as lost wages and medical costs) and noneconomic damages (non-financial harm like pain and suffering). The bill maintains the existing $500,000 cap on noneconomic damages in most cases, but allows unlimited damages for permanent, severe physical injuries or when the defendant's conduct is found to be reckless, grossly negligent, fraudulent, or intentional. A new provision specifically addresses motor vehicle accidents, preventing recovery of the first $100,000 in bodily injury or property damage for drivers who fail to maintain mandatory liability insurance. The bill also clarifies that insurers retain subrogation rights for claims exceeding $100,000 and mandates that uninsured drivers who file lawsuits and are awarded $100,000 or less must pay all court costs. These changes aim to regulate damage awards, incentivize liability insurance compliance, and provide clearer guidelines for civil injury claims. The bill is set to take effect on November 1, 2026.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2932&Session=2600