Damages; increasing maximum limitation on compensation for noneconomic loss; removing exceptions to limitation on noneconomic loss compensation. Effective date.
Impact
The adjustments proposed in SB827 are aimed at limiting the financial burdens faced by individuals pursuing claims for noneconomic damages, such as pain and suffering. With the increase in the compensation limit, plaintiffs may receive more substantial awards for their intangible losses. Additionally, the removal of exceptions that previously allowed courts to impose limits based on the defendant's conduct highlights a shift in favor of the plaintiffs, potentially leading to increased compensation for victims of gross negligence or intentional harm.
Summary
Senate Bill 827 aims to amend the existing Oklahoma statute concerning compensation for noneconomic loss in civil actions arising from bodily injuries. The bill proposes to increase the maximum limit on noneconomic damages awarded to plaintiffs from $350,000 to $500,000 and removes existing exceptions to this limitation. Furthermore, the bill adjusts definitions and applicability related to damages, reflecting a significant overhaul of the compensation framework for personal injury claims in Oklahoma. It was designed to provide greater financial relief to victims of bodily injuries caused by negligence.
Contention
While proponents of SB827 argue that the increased compensation limits represent necessary support for injury victims, opponents raise concerns about the implications for insurance costs and liability for defendants. There is a worry that increasing such limits could lead to higher premiums for businesses and healthcare providers, ultimately impacting service costs for consumers. Additionally, the bill's provisions might spark debates on fairness in compensation across different types of injuries and negligence claims, creating a contentious environment surrounding its passage.