{"data":{"id":"us-ok/okla.-stat.-tit.-47-47-7-324","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 47, § 47-7-324","heading":"Motor vehicle liability policies - Contents and","body":"coverages.\n\n(a) Certification. A \"motor vehicle liability policy\" as the\n\nterm is used in this article shall mean an \"owner's policy\" or an\n\n\"operator's policy\" of liability insurance, certified as provided in\n\nSection 7-321 or Section 7-322 of this title as proof of financial\n\nresponsibility, and issued, except as otherwise provided in Section\n\n7-322 of this title, by an insurance carrier duly authorized to\n\ntransact business in this state, to or for the benefit of the person\n\nnamed therein as insured.\n\n(b) Owner's policy. Such owner's policy of liability\n\ninsurance:\n\n1. Shall designate by explicit description or by appropriate\n\nreference all vehicles with respect to which coverage is thereby to\n\nbe granted; and\n\n2. Shall insure the person named therein and any other person\n\nexcept as herein provided, as insured, using any such vehicle or\n\nvehicles with the express or implied permission of such named\n\ninsured, against loss from the liability imposed by law for damages\n\narising out of the ownership, maintenance or use of such vehicle or\n\nvehicles within the United States of America or the Dominion of\n\nCanada, subject to limits exclusive of interest and costs, with\n\nrespect to each such vehicle, as follows: Twenty-five Thousand\n\nDollars ($25,000.00) because of bodily injury to or death of one\n\nperson in any one accident and, subject to said limit for one\n\nperson, Fifty Thousand Dollars ($50,000.00) because of bodily injury\n\nto or death of two or more persons in any one accident, and Twenty-\n\nfive Thousand Dollars ($25,000.00) because of injury to or\n\ndestruction of property of others in any one accident.\n\n3. May by agreement in a separate written endorsement between\n\nany named insured and the insurer exclude as insured any person or\n\npersons designated by name from coverage under the policy.\n\n(c) Operator's policy. Such operator's policy of liability\n\ninsurance shall insure the person named as insured therein against\n\nloss from the liability imposed upon him by law for damages arising\n\nout of the use by him of any motor vehicle not owned by him, within\n\nthe same territorial limits and subject to the same limits of\n\nliability as are set forth above with respect to an owner's policy\n\nof liability insurance.\n\n(d) Required statements in policies. Such motor vehicle\n\nliability policy shall state the name and address of the named\n\ninsured, the coverage afforded by the policy, the premium charged\n\ntherefor, the policy period and the limits of liability, and shall\n\ncontain an agreement or be endorsed that insurance is provided\n\nthereunder in accordance with the coverage defined in this chapter\n\nas respects bodily injury and death or property damage, or both, and\n\nis subject to all the provisions of this title.\n\n(e) Policy need not insure workmen's compensation. Such motor\n\nvehicle liability policy need not insure any liability under any\n\nworkmen's compensation law nor any liability on account of bodily\n\ninjury to or death of an employee of the insured while engaged in\n\nthe employment, other than domestic, of the insured, or while\n\nengaged in the operation, maintenance or repair of any such vehicle\n\nnor any liability for damage to property owned by, rented to, in\n\ncharge of or transported by the insured.\nre any liability under any\n\nworkmen's compensation law nor any liability on account of bodily\n\ninjury to or death of an employee of the insured while engaged in\n\nthe employment, other than domestic, of the insured, or while\n\nengaged in the operation, maintenance or repair of any such vehicle\n\nnor any liability for damage to property owned by, rented to, in\n\ncharge of or transported by the insured.\n\n(f) Provisions incorporated in policy. Every motor vehicle\n\nliability policy shall be subject to the following provisions which\n\nneed not be contained therein:\n\n1. The liability of the insurance carrier with respect to the\n\ninsurance required by this title shall become absolute whenever\n\ninjury or damage covered by said motor vehicle liability policy\n\noccurs; said policy may not be canceled or annulled as to such\n\nliability by any agreement between the insurance carrier and the\n\ninsured after the occurrence of the injury or damage; no statement\n\nmade by the insured or on his behalf and no violation of said policy\n\nshall defeat or void said policy.\n\n2. The satisfaction by the insured of a judgment for such\n\ninjury or damage shall not be a condition precedent to the right or\n\nduty of the insurance carrier to make payment on account of such\n\ninjury or damage.\n\n3. The insurance carrier shall have the right to settle any\n\nclaim covered by the policy, and if such settlement is made in good\n\nfaith, the amount thereof shall be deductible from the limits of\n\nliability specified in paragraph 2 of subsection (b) of this\n\nsection.\n\n4. The policy, the written application therefor, if any, and\n\nany rider or endorsement which does not conflict with the provisions\n\nof this title shall constitute the entire contract between the\n\nparties.\n\n(g) Excess or additional coverage. Any policy which grants the\n\ncoverage required for a motor vehicle liability policy may also\n\ngrant any lawful coverage in excess of or in addition to the\n\ncoverage specified for a motor vehicle liability policy and such\n\nexcess or additional coverage shall not be subject to the provisions\n\nof this title. With respect to a policy which grants such excess or\n\nadditional coverage, the term \"motor vehicle liability policy\" shall\n\napply only to that part of the coverage which is required by this\n\nsection.\n\n(h) Reimbursement provision permitted. Any motor vehicle\n\nliability policy may provide that the insured shall reimburse the\n\ninsurance carrier for any payment the insurance carrier would not\n\nhave been obligated to make under the terms of the policy except for\n\nthe provisions of this title.\n\n(i) Proration of insurance permitted. Any motor vehicle\n\nliability policy may provide for the prorating of the insurance\n\nthereunder with other valid and collectible insurance.\n\n(j) Multiple policies. The requirements for a motor vehicle\n\nliability policy may be fulfilled by the policies of one or more\n\ninsurance carriers which policies together meet such requirements.\n\n(k) Binders. Any binder issued pending the issuance of a motor\n\nvehicle liability policy shall be deemed to fulfill the requirements\n\nfor such a policy.","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":"2d3fbf24e8c0642bc66a8811f2b9fed370035b96e801030ce19d012780d83a79","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-47-47-7-320","next":"us-ok/okla.-stat.-tit.-47-47-7-330"},"notice":"GroundRules: Original legal text. Not legal advice."}