Okla. Stat. tit. 47, § 47-7-324

coverages.

(a) Certification. A "motor vehicle liability policy" as the

term is used in this article shall mean an "owner's policy" or an

"operator's policy" of liability insurance, certified as provided in

Section 7-321 or Section 7-322 of this title as proof of financial

responsibility, and issued, except as otherwise provided in Section

7-322 of this title, by an insurance carrier duly authorized to

transact business in this state, to or for the benefit of the person

named therein as insured.

(b) Owner's policy. Such owner's policy of liability

insurance:

Oklahoma Statutes - Title 47. Motor Vehicles Page 420

1. Shall designate by explicit description or by appropriate

reference all vehicles with respect to which coverage is thereby to

be granted; and

2. Shall insure the person named therein and any other person

except as herein provided, as insured, using any such vehicle or

vehicles with the express or implied permission of such named

insured, against loss from the liability imposed by law for damages

arising out of the ownership, maintenance or use of such vehicle or

vehicles within the United States of America or the Dominion of

Canada, subject to limits exclusive of interest and costs, with

respect to each such vehicle, as follows: Twenty-five Thousand

Dollars ($25,000.00) because of bodily injury to or death of one

person in any one accident and, subject to said limit for one

person, Fifty Thousand Dollars ($50,000.00) because of bodily injury

to or death of two or more persons in any one accident, and Twenty-

five Thousand Dollars ($25,000.00) because of injury to or

destruction of property of others in any one accident.

3. May by agreement in a separate written endorsement between

any named insured and the insurer exclude as insured any person or

persons designated by name from coverage under the policy.

(c) Operator's policy. Such operator's policy of liability

insurance shall insure the person named as insured therein against

loss from the liability imposed upon him by law for damages arising

out of the use by him of any motor vehicle not owned by him, within

the same territorial limits and subject to the same limits of

liability as are set forth above with respect to an owner's policy

of liability insurance.

(d) Required statements in policies. Such motor vehicle

liability policy shall state the name and address of the named

insured, the coverage afforded by the policy, the premium charged

therefor, the policy period and the limits of liability, and shall

contain an agreement or be endorsed that insurance is provided

thereunder in accordance with the coverage defined in this chapter

as respects bodily injury and death or property damage, or both, and

is subject to all the provisions of this title.

(e) Policy need not insure workmen's compensation. Such motor

vehicle liability policy need not insure any liability under any

workmen's compensation law nor any liability on account of bodily

injury to or death of an employee of the insured while engaged in

the employment, other than domestic, of the insured, or while

engaged in the operation, maintenance or repair of any such vehicle

nor any liability for damage to property owned by, rented to, in

charge of or transported by the insured.
re any liability under any

workmen's compensation law nor any liability on account of bodily

injury to or death of an employee of the insured while engaged in

the employment, other than domestic, of the insured, or while

engaged in the operation, maintenance or repair of any such vehicle

nor any liability for damage to property owned by, rented to, in

charge of or transported by the insured.

(f) Provisions incorporated in policy. Every motor vehicle

liability policy shall be subject to the following provisions which

need not be contained therein:

Oklahoma Statutes - Title 47. Motor Vehicles Page 421

1. The liability of the insurance carrier with respect to the

insurance required by this title shall become absolute whenever

injury or damage covered by said motor vehicle liability policy

occurs; said policy may not be canceled or annulled as to such

liability by any agreement between the insurance carrier and the

insured after the occurrence of the injury or damage; no statement

made by the insured or on his behalf and no violation of said policy

shall defeat or void said policy.

2. The satisfaction by the insured of a judgment for such

injury or damage shall not be a condition precedent to the right or

duty of the insurance carrier to make payment on account of such

injury or damage.

3. The insurance carrier shall have the right to settle any

claim covered by the policy, and if such settlement is made in good

faith, the amount thereof shall be deductible from the limits of

liability specified in paragraph 2 of subsection (b) of this

section.

4. The policy, the written application therefor, if any, and

any rider or endorsement which does not conflict with the provisions

of this title shall constitute the entire contract between the

parties.

(g) Excess or additional coverage. Any policy which grants the

coverage required for a motor vehicle liability policy may also

grant any lawful coverage in excess of or in addition to the

coverage specified for a motor vehicle liability policy and such

excess or additional coverage shall not be subject to the provisions

of this title. With respect to a policy which grants such excess or

additional coverage, the term "motor vehicle liability policy" shall

apply only to that part of the coverage which is required by this

section.

(h) Reimbursement provision permitted. Any motor vehicle

liability policy may provide that the insured shall reimburse the

insurance carrier for any payment the insurance carrier would not

have been obligated to make under the terms of the policy except for

the provisions of this title.

(i) Proration of insurance permitted. Any motor vehicle

liability policy may provide for the prorating of the insurance

thereunder with other valid and collectible insurance.

(j) Multiple policies. The requirements for a motor vehicle

liability policy may be fulfilled by the policies of one or more

insurance carriers which policies together meet such requirements.

(k) Binders. Any binder issued pending the issuance of a motor

vehicle liability policy shall be deemed to fulfill the requirements

for such a policy.