Okla. Stat. tit. 47, § 47-7-316
This is the official text of Okla. Stat. tit. 47, § 47-7-316, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.
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Payments sufficient to satisfy requirements
Official statutory 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.
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.
Status: in_force · Read it on the official government site
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