(A) Security verification required; exemptions.
(1) The owner of a motor vehicle registered in this state and operating said vehicle within the town’s boundaries shall carry in such vehicle at all times a current owner’s security verification form listing the vehicle or an equivalent form which has been issued by the State Department of Public Safety which shall be produced by any driver thereof upon request for inspection by any law enforcement officer and, in case of a collision, the form shall be shown upon request to any person affected by said collision.
(2) The following shall not be required to carry an owner’s or operator’s security form or any equivalent form from the State Department of Public Safety during operation of the vehicle and shall not be required to surrender such form for vehicle registration purposes:
(a) Any vehicle owned or leased by the federal or state government or any agency or political subdivision thereof;
(b) Any vehicle bearing the name, symbol, or logo of the business, corporation, or utility on the exterior and which is in compliance with the Compulsory Insurance Law according to records of the State Department of Public Safety which reflect a deposit, bond, self-insurance, or fleet policy;
(c) Any vehicle authorized for operation under a permit number issued by the Interstate Commerce Commission or the State Corporation Commission;
(d) Any licensed taxicab; and
(e) Any vehicle owned by a licensed used motor vehicle dealer.
(Prior Code, § 22-100)
(B) Definitions. For the purpose of this traffic code, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
COMPULSORY INSURANCE LAW. The law requiring liability insurance in conjunction with the operation of a motor vehicle in the state as found in 47 O.S. Chapter 7, Article 6.
OPERATOR’S POLICY. An OPERATOR’S POLICY of liability insurance shall insure the named person against loss from the liability imposed upon him or her by law for damages arising out of the operation or use by him or her of any motor vehicle not owned by him or her, subject to the same limits of liability required in an owner’s policy.
OWNER’S POLICY. An OWNER’S POLICY of liability insurance:
(a) Shall designate, by explicit description or by appropriate reference, all vehicles with respect to which coverage is thereby to be granted;
(b) Shall insure the person named therein and insure any other person, except as provided in division (c) below, using an insured vehicle with the express or implied permission of the named insured against loss from the liability imposed by law for damages arising out of the ownership, maintenance, operation, or use of such vehicle;
(c) May provide for exclusions from coverage in accordance with existing laws; and
(d) Shall be issued by an authorized carrier providing coverage in accordance with 47 O.S. § 7-204.
SECURITY.
(a) A policy of bond meeting the requirements of 47 O.S. § 7-204;
(b) A deposit of cash or securities having the equivalency of limits required under 47 O.S. § 7-204 as acceptable limits for a policy or bond; and
(c) Self-insurance, pursuant to the provisions of 47 O.S. § 7-503, having the equivalency of limits required under 47 O.S. § 7-204 as acceptable limits for a policy or bond.
SECURITY VERIFICATION FORM. A form approved by the State Board for Property and Casualty Rates verifying the existence of security required by the Compulsory Insurance Law of the state.
(Prior Code, § 22-101)
(C) When possession of security verification form required. Every operator of a motor vehicle registered in this state shall (while operating or using such vehicle within the town’s boundaries) carry either an operator’s or an owner’s security verification form issued by a carrier (provided the operator is not excluded from coverage thereon) or an equivalent form issued by the Department of Public Safety reflecting liability coverage.
(Prior Code, § 22-102)
(D) Failure to maintain security an offense.
(1) Any owner or operator who fails to produce for inspection a valid and current security verification form or equivalent form which has been issued by the State Department of Public Safety upon request of any peace officer of the Town Police Department shall be guilty of an offense.
(2) A sentence imposed for any violation of this section may be suspended or deferred in whole or in part by the Court.
(3) Any person producing proof in Court that a current security verification form or equivalent form which has been issued by the State Department of Public Safety reflecting this liability coverage for such person was in force at the time of the alleged offense shall be entitled to dismissal of such charge.
(4) Upon conviction, bond forfeiture, or deferral of sentence, the Court Clerk shall forward an abstract to the State Department of Public Safety within ten days reflecting the action taken by the Court.
(Prior Code, § 22-103)
Statutory reference:
Related provisions, see 47 O.S. §§ 7-204 and 7-503 and Chapter 7, Article 6