(A) Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning .
COMPULSORY INSURANCE LAW. The law requiring liability insurance, which provides the minimum vehicle liability limits, in conjunction with the operation of a motor vehicle in this state as found in 47 O.S. §§ 7-600 et seq.
OPERATOR'S POLICY. A policy of motor vehicle liability insurance which shall insure the named person against loss from the liability imposed upon the named person by law for damages arising out of the operation or use by the named person of any motor vehicle not owned by the named person, subject to the same limits of liability required in an owner's policy.
OWNER'S POLICY. A policy of motor vehicle liability insurance which:
(1) Shall designate by explicit description or by appropriate reference all vehicles with respect to which coverage is thereby to be granted;
(2) Shall insure the person named therein and insure any other person, except as specifically excluded pursuant to state law, 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;
(3) May provides for exclusions from coverage in accordance with existing laws; and
(4) Shall be issued by an authorized carrier providing coverage in accordance with 47 O.S. § 7-204 or, in the case of a commercial automobile insurance policy, may be issued by an authorized insurer as allowed pursuant to 35 O.S. § 1106.
SECURITY.
(1) A policy meeting the minimum vehicle liability limits as set forth in 47 O.S. § 7-103;
(2) A deposit of cash or securities as defined in 47 O.S. § 7-330 having the equivalency of the minimum vehicle liability limits;
(3) Self-insurance, pursuant to 47 O.S. § 7-503, having the equivalency of the minimum vehicle liability limits; or
(4) For vehicles registered pursuant to 47 O.S. § 1127, a policy meeting or exceeding the minimum vehicle liability limits; provided, the policy may be issued by an insurance company authorized to do business in the state or residence or domicile of the member of the Armed Forces and the motor vehicle license agent or other registering agency shall accept the security verification form issued by such insurance company.
SECURITY VERIFICATION FORM. A form, approved by the Insurance Commissioner, verifying the existence of security required by the compulsory insurance law.
(B) Required Insurance and Proof of Insurance.
(1) Every person using or operating a motor vehicle within the Town, or in any other area over which the Town is authorized to exercise jurisdiction, shall comply with the Oklahoma Compulsory Insurance Law.
a. Unless otherwise provided by law, no motor vehicle shall be operated in the Town, or in any other area over which the Town is authorized to exercise jurisdiction, unless there is in effect with respect to the vehicle an owner's policy or security for the payment of loss resulting from the liability imposed by law for bodily injury, death and property damage sustained by any person arising out of the ownership, maintenance, operation or use of the vehicle.
b. Every person, while operating or using a motor vehicle in the Town, or in any other area over which the Town is authorized to exercise jurisdiction, that is not owned by the person, shall maintain in force an operator's policy or security for the payment of loss resulting from the liability imposed by law for bodily injury, death or property damage sustained by any person arising out of the operation or use of the vehicle, unless the security has been provided by the owner in accordance with Oklahoma law which does not exclude the person from coverage.
(2) A security verification form shall be carried in the vehicle at all times and shall be produced for inspection upon request by any law enforcement officer or representative of the Department of Public Safety and, in the case of an accident, proof of security shall be shown upon request to any person affected by the accident.
a. An owner or operator who fails to produce for inspection a valid and current security verification form or equivalent form upon the request of any peace officer or he Department of the Public Safety shall, upon conviction, be subject to a fine of $200.
b. Any person producing proof that a current security verification form or equivalent form reflecting compliance with the Oklahoma Compulsory Insurance Law for such person at the time of the alleged offense shall be entitled to dismissal of such charge, so long as said owner's policy, operator's policy, or security was in effect at the time of the alleged offense.
(3) Any sentence imposed for any violation of this section may be suspended or deferred in whole or in part by the court.
(4) Upon conviction or bond forfeiture for an offense under this section, the Court Clerk or the Deputy Court Clerk shall forward an abstract to the Oklahoma Department of Public Safety as required by 47 O.S. § 18-101.
(C) Exemptions. The following shall not be required to carry an owner's or operator's security verification form or an equivalent form from the Department of Public Safety during operation of the vehicle and shall not be required to surrender a security verification form for vehicle registration purposes:
(1) Any vehicle owned or leased by the federal or state government, or any agency or political subdivision thereof;
(2) Any vehicle bearing the name, symbol, or logo of a business, corporation or utility on the exterior and which is in compliance with the provisions of the Compulsory Insurance Law according to records of the Corporation Commission which reflect a deposit or fleet policy;
(3) Fleet vehicles maintaining current vehicle liability insurance as required by the Corporation Commission or any other regulating entity;
(4) Any licensed taxicab; and
(5) Any vehicle owned by a licensed used motor vehicle dealer.
(Prior Code, § 6-1-5) (Ord. 03142024-4, passed 3-14-2024) Penalty, see § 70.99