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STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
SENATE BILL 137 By: Taylor
AS INTRODUCED
An Act relating to liability insurance; creati ng the
Act Concerning Interpretation of Oklahoma Insurance
Laws; specifying that the Restatement of the Law,
Liability Insurance by certain entity is not law or
public policy under certain circumstances; providing
for codification; and declaring an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2411.1 of Title 12, unless there
is created a duplication in numbering, reads as follows:
A. This act shall be known and may be cited as the "Act
Concerning Interpretation of Oklahoma Insurance Laws ".
B. A statement of the law in the Restatement of the Law ,
Liability Insurance by the American Law Institute does not
constitute the law or public policy of this stat e if the statement
of the law is inconsistent or conflicts with or is otherwise not
addressed by:
1. The Constitution of the United States or the Constitution of
the State of Oklahoma;
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2. A statute of this state;
3. Case law precedent of this state; or
4. Other common law adopted by this state.
SECTION 2. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
58-1-888 CB 12/14/2020 11:33:22 AM