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ENGROSSED SENATE
BILL NO. 137 By: Taylor and Quinn of the
Senate
and
O’Donnell of the House
An Act relating to liability insurance; creati ng the
Act Concerning Interpretation of Oklahoma Insurance
Laws; specifying that any statement or restatement of
insurance law in certain texts 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 or restatement of the law of insurance in any
legal treatise, scholarly publication, textbook or other explanatory
text shall not constitute the law or public policy of this state and
shall not be authoritative if the statement of the law purports to
create, eliminate, expand or restrict a cause of action, right or
remedy, or if it conflicts with :
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1. The Constitution of the United States or the Constitution of
the State of Oklahoma;
2. A statute of this state;
3. Case law precedent of this state;
4. Other common law adopted by this state; or
5. Creates or eliminates a ny cause of action or legal remedy.
SECTION 2. It being immediately necessary f or the preservation
of the public peace, healt h 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.
Passed the Senate the 8th day of March, 2021.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2021.
Presiding Officer of the House
of Representatives