A. Definitions: For the purpose of this section, the following terms shall have the meanings respectively ascribed to them in this subsection:
COMPULSORY INSURANCE LAW: The law requiring liability insurance in conjunction with the operation of a motor vehicle in this state as found in 47 Oklahoma Statutes article VI, chapter 7, and section 7-606.
OPERATOR'S POLICY: An operator's policy of liability insurance which shall insure the named person against loss from the liability imposed upon him by law for damages arising out of the operation or use by him of any motor vehicle not owned by him, subject to the same limits of liability required in an owner's policy.
OWNER'S POLICY: An owner's policy of 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 provided in subsection 3 of this definition, 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 provide for exclusions from coverage in accordance with existing laws; and
4. Shall be issued by an authorized carrier providing coverage in accordance with 47 Oklahoma Statutes section 7-204.
SECURITY: 1. A policy or bond meeting the requirements of 47 Oklahoma Statutes section 7-204;
2. A deposit of cash or securities having the equivalency of limits required under 47 Oklahoma Statutes section 7-204 as acceptable limits for a policy or bond; or
3. Self-insurance, pursuant to the provisions of 47 Oklahoma Statutes section 7-503, having the equivalency of limits required under 47 Oklahoma Statutes section 7-204 as acceptable limits for a policy or bond.
4. For vehicles registered pursuant to the provisions of 47 Oklahoma Statutes section 1127, a policy or bond meeting or exceeding the requirements of 47 Oklahoma Statutes section 7-204; provided, the policy or bond may be issued by an insurance company or surety company authorized to do business in the state of residence or domicile of the member of the armed forces, and the motor license agent or other registering agency shall accept the security verification form issued by such insurance company or surety company.
SECURITY VERIFICATION FORM: A form, approved by the state insurance commissioner, verifying the existence of security required by the compulsory insurance law of the state of Oklahoma. (1992 Code § 15-103; amd. 2006 Code)
B. Proof Of Insurance Required:
1. Every operator of a motor vehicle registered in the state, shall, while operating or using such vehicle within the city'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 state department of public safety, reflecting liability coverage.
2. The owner of a motor vehicle registered in the state 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 department of public safety and shall produce such form upon request for inspection by any law enforcement officer or representative of the department of public safety, and in the case of collision, the form shall be shown upon request to any person affected by such collision.
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:
1. Any vehicle owned or leased by the federal or state government, or any agency or political subdivision thereof; (1992 Code § 15-103)
2. Any vehicle bearing the name, symbol or logo of a business, corporation or utility on the exterior, and which is in compliance with provisions of 47 Oklahoma Statutes sections 7-600 through 7-610, according to the records of the state department of public safety which reflect a deposit, bond, self-insurance, or fleet policy;
3. Fleet vehicles maintaining current vehicle liability insurance as required by the corporation commission or any other regulating entity; (1992 Code § 15-103; amd. 2006 Code)
4. Any licensed taxicab; and
5. Any vehicle owned by a licensed motor vehicle dealer.
D. Enforcement And Penalty:
1. An 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 department upon request of any peace officer of the department shall be guilty of a misdemeanor and, upon conviction, shall be subject to a fine as provided in section 1-4-1-1 of this code and court costs.
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 department reflecting that 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 (10) days reflecting the action taken by the court. (1992 Code § 15-103)