Oklahoma § 47-7-316 Payments sufficient to satisfy requirements.

Oklahoma Statutes

§ 47-7-316 — Payments sufficient to satisfy requirements.

Oklahoma § 47-7-316

Title 47Motor Vehicles

This text of Oklahoma § 47-7-316 (Payments sufficient to satisfy requirements.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 47, § 47-7-316 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Legislative History

Added by Laws 1961, p. 360, § 7-316, eff. Sept. 1, 1961. Amended by Laws 1980, c. 235, § 4, eff. Jan. 1, 1981; Laws 2005, c. 394, § 5, emerg. eff. June 6, 2005; Laws 2009, c. 62, § 19, eff. Nov. 1, 2009.