{"data":{"id":"us-ok/okla.-stat.-tit.-47-47-230.30","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 47, § 47-230.30","heading":"Liability and cargo insurance or bond","body":"A. No license shall be issued by the Commission to any carrier\n\nuntil after the carrier shall have filed with the Commission a\n\nliability insurance policy or bond covering public liability and\n\nproperty damage, issued by some insurance or bonding company or\n\ninsurance carrier authorized pursuant to this section and which has\n\ncomplied with all of the requirements of the Commission, which bond\n\nor policy shall be approved by the Commission, and shall be in a sum\n\nand amount as fixed by a proper order of the Commission; and the\n\nliability and property damage insurance policy or bond shall bind\n\nthe obligor thereunder to make compensation for injuries to, or\n\ndeath of, persons, and loss or damage to property, resulting from\n\nthe operation of any carrier for which the carrier is legally\n\nliable. A copy of the policy or bond shall be filed with the\n\nCommission, and, after judgment against the carrier for any damage,\n\nthe injured party may maintain an action upon the policy or bond to\n\nrecover the same, and shall be a proper party to maintain such\n\naction.\n\nB. Every motor carrier shall file with the Commission a cargo\n\ninsurance policy or bond covering any goods or property being\n\ntransported, issued by some insurance or bonding company or\n\ninsurance carrier authorized as set forth below, and which has\n\ncomplied with all of the requirements of the Commission, which bond\n\nor policy shall be approved by the Commission, and shall be in a sum\n\nand amount as fixed by a proper order of the Commission. The cargo\n\ninsurance must be filed with the Commission prior to a license being\n\nissued by the Commission, unless the motor carrier has been exempted\n\nfrom this requirement.\n\nIntrastate motor carriers of sand, rock, gravel, asphaltic\n\nmixtures or other similar road building materials shall not be\n\nrequired to file cargo insurance and shall be required to maintain\n\nliability insurance limits of Three Hundred Fifty Thousand Dollars\n\n($350,000.00) combined single limit.\n\nNo carrier, whose principal place of business is in Oklahoma,\n\nshall conduct any operations in this state unless the operations are\n\ncovered by a valid primary bond or insurance policy issued by a\n\nprovider authorized or approved by the State Insurance Commissioner.\n\nNo carrier shall conduct any operations in this state unless the\n\noperations are covered by a valid bond or insurance policy issued by\n\na provider authorized and approved by a National Association of\n\nInsurance Commissioners and certified by the State Insurance\n\nCommission.\n\nC. Each carrier shall maintain on file, in full force, all\n\ninsurance required by the laws of this state and the rules of the\n\nCommission during the operation of the carrier and that the failure\n\nfor any cause to maintain the coverage in full force and effect\n\nshall immediately, without any notice from the Commission, suspend\n\nthe rights of the carrier to operate until proper insurance is\n\nprovided. Any carrier suspended for failure to maintain proper\n\ninsurance shall have a reasonable time, not exceeding sixty (60)\n\ndays, to have its license reactivated, and to provide proper\n\ninsurance upon showing:\n\n1. No operation during the period in which it did not have\n\ninsurance; and\n\n2. Furnishing of proper insurance coverage.\n\nD. Any carrier who fails to reactivate its license within sixty\nproper\n\ninsurance shall have a reasonable time, not exceeding sixty (60)\n\ndays, to have its license reactivated, and to provide proper\n\ninsurance upon showing:\n\n1. No operation during the period in which it did not have\n\ninsurance; and\n\n2. Furnishing of proper insurance coverage.\n\nD. Any carrier who fails to reactivate its license within sixty\n\n(60) days after the suspension, as above provided, shall have the\n\nlicense canceled, by operation of law, without any notice from the\n\nCommission. No license so canceled shall be reinstated or otherwise\n\nmade operative except that the Commission may reinstate the license\n\nof a carrier upon proper showing that the carrier was actually\n\ncovered by proper insurance during the suspension or cancellation\n\nperiod, and that failure to file with the Commission was not due to\n\nthe negligence of the carrier. Any carrier desiring to file for\n\nreinstatement of its license shall do so within ninety (90) days of\n\nits cancellation by law.\n\nE. The Commission shall, in its discretion, permit the filing\n\nof certificates of insurance coverage or such form as may be\n\nprescribed by the Commission, in lieu of copies of insurance\n\npolicies or bonds, with the proviso that if the certificates are\n\nauthorized the insurance company or carrier so filing it, upon\n\nrequest of the Commission, will, at any time, furnish an\n\nauthenticated copy of the policy which the certificate represents,\n\nand further provided that thirty (30) days prior to effective\n\ncancellation or termination of the policy of insurance for any\n\ncause, the insurer shall so notify the Commission in writing of the\n\nfacts or as deemed necessary by the Commission.","path":["OK Code","Title 47"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os47.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"56b5d5489e34f2d284cab232ee889910d73815ada50bb60c31a403f75fe91fb0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-47-47-230.3","next":"us-ok/okla.-stat.-tit.-47-47-230.31"},"notice":"GroundRules: Original legal text. Not legal advice."}