Oklahoma vehicle owners could combat an April 1 increase in auto insurance rates if a bill proposed by Rep. Jerry Shoemake (D-Morris) passes the Oklahoma Legislature.
Shoemake has filed a petition to override a law, scheduled to go into effect April 1, that would increase auto insurance coverage levels.
Experts say about 30 percent of Oklahoma motorists do not carry automobile liability coverage and Shoemake is concerned the number of uninsured motorists will increase if rates go up.
At present, Oklahoma’s minimum liability requirements permit claimants to receive up to $10,000 for the injury or death of one person in an accident; $25,000 can be awarded for multiple injuries or death; and $10,000 in property damage per accident.
Under the provisions of the new law levels increase to $25,000 for one multiple injury or death, $50,000 for multiple injuries or deaths and $25,000 for property damage.
Shoemake has proposed a compromise with minimum coverage levels at $15,000, $35,000, and $15,000.


Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case


