Okla. Stat. tit. 47 § 7-320

Current through Laws 2024, c. 453.
Section 7-320 - Alternate methods of giving proof

Proof of financial responsibility when required under this article, with respect to a vehicle or with respect to a person who is not the owner of a vehicle, may be given by filing:

1. A security verification form as defined in Section 7-600 of this title;
2. A certificate of deposit of money or securities as provided in Section 7-330 of this title; or
3. A certificate of self-insurance, as provided in Section 7-503 of this title, supplemented by an agreement by the self-insurer that, with respect to accidents occurring while the certificate is in force, the self-insurer will pay the same amounts that an insurer would have been obliged to pay under a motor vehicle liability policy if the insurance carrier had issued a policy to the self-insurer.

Okla. Stat. tit. 47, § 7-320

Added by Laws 1961, HB 556, c. 10b, § 7-320, eff. 9/1/1961; Amended by Laws 1994, HB 2413, c. 181, § 9, eff. 9/1/1994; Amended by Laws 2009 , SB 1161, c. 62, § 22, eff. 11/1/2009.