Okla. Stat. tit. 47, § 47-7-103

The following words and phrases when used in Title 47 of the

Oklahoma Statutes shall have the meanings respectively ascribed to

them in this section:

1. "Judgment" means any judgment which shall have become final

by expiration without appeal in the time within which an appeal

might have been perfected, or by final affirmation on appeal,

rendered by a court of competent jurisdiction of any state or of the

United States, upon a cause of action arising out of the ownership,

maintenance or use of any vehicle subject to registration under the

laws of this state, for damages, including damages for care and loss

of services, because of bodily injury to or death of any person, or

for damages because of injury to or destruction of property,

including the loss of use thereof, or upon a cause of action on an

agreement of settlement for the damages;

2. "Minimum liability insurance limits" means:

a. for vehicle liability policies issued or renewed

before April 1, 2005:

(1) a limit of not less than Ten Thousand Dollars

($10,000.00) because of bodily injury to or death

of one person in any one accident,

(2) subject to the limit for one person as prescribed

in subparagraph a of this paragraph, a limit of

not less than Twenty Thousand Dollars

Oklahoma Statutes - Title 47. Motor Vehicles Page 406

($20,000.00) because of bodily injury to or death

of two or more persons in any one accident, and

(3) if the accident has resulted in injury to or

destruction of property, a limit of not less than

Ten Thousand Dollars ($10,000.00) because of

injury to or destruction of property of others in

any one accident, or

b. for vehicle liability policies issued or renewed on or

after April 1, 2005:

(1) a limit of not less than Twenty-five Thousand

Dollars ($25,000.000) because of bodily injury to

or death of one person in any one accident,

(2) subject to the limit for one person as prescribed

in subparagraph a of this paragraph, a limit of

not less than Fifty Thousand Dollars ($50,000.00)

because of bodily injury to or death of two or

more persons in any one accident, and

(3) if the accident has resulted in injury to or

destruction of property to a limit of not less

than Twenty-five Thousand Dollars ($25,000.00)

because of injury to or destruction of property

of others in any one accident;

3. "Motor vehicle liability policy" means an owner's policy or

operator's policy of liability, as defined in this chapter, issued

by an insurance carrier duly authorized to transact business in this

state, to or for the benefit of the person named therein as insured.

With respect to a policy which grants coverage in excess of or in

addition to minimum liability insurance limits, the term motor

vehicle liability policy shall apply only to that part of the

coverage which is required by minimum liability insurance limits;

and

4. "Proof of financial responsibility" means proof of ability

to respond in damages for liability at the minimum liability

insurance limits:

a. resulting from accidents occurring subsequent to the

effective date of the proof,

b. arising out of the ownership, maintenance or use of a

vehicle subject to registration under the laws of this

state.