Okla. Stat. tit. 47, § 47-7-316: Payments sufficient to satisfy requirements

A. Judgments herein referred to shall, for the purpose of this

chapter only, be deemed satisfied:

1. When the minimum liability insurance limits are met; or

2. When any combination of amounts as prescribed by the minimum

liability insurance limits and as appropriate to the consequences of

the accident, has been credited upon any judgment or judgments

rendered in excess of that amount because of a combination of bodily

injury to or death of any number of persons and because of injury to

or destruction of property of others as a result of any one

accident.

B. Provided, however, payments made in settlements of any

claims because of bodily injury, death or property damage arising

from the accident shall be credited in reduction of the amounts

provided for in this section.