§ 73.01 VEHICLES; INSURANCE AND LICENSING REQUIRED.
   (A)   It shall be unlawful to operate a vehicle which is not equipped as required by law upon any street within the town. It shall also be unlawful to fail to use such equipment in the manner required by law, use it in a manner prohibited by law, or to operate a vehicle which has equipment prohibited by law upon any street within said town.
   (B)   It shall be unlawful to operate a vehicle of any kind upon a street of the town unless such vehicle is licensed and displays a valid license plate thereon, as required by state law.
   (C)   It shall be unlawful to operate a motor vehicle, or any combination of such vehicles licensed by the State Tax Commission, unless said vehicle or vehicles bears a valid, official state inspection sticker issued by an official inspection station licensed by the State Department of Public Safety; provided, that such sticker is required by current state law.
   (D)   The owner of a motor vehicle registered in this state and operating said vehicle within the boundaries of the town shall carry in such vehicle at all times a current owner’s security verification form (or an equivalent form which has been used by the Department of Public Safety) listing the vehicle, which shall be produced by any driver thereof, upon request, for inspection by any law enforcement officer and, in case of a collision, such form shall be shown, upon request, to any person affected by said collision.
   (E)   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 such 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 Compulsory Insurance Law according to records of the Department of Public Safety (which reflect a deposit, bond, self-insurance, or fleet policy);
      (3)   Any vehicle authorized for operation, under a permit number issued by the Interstate Commerce Commission, or the State Corporation Commission;
      (4)   Any licensed taxicab; and
      (5)   Any vehicle owned by a licensed used motor vehicle dealer.
   (F)   The following definitions shall apply to divisions (D) and (E) above and (G), (H), (I), and (J) below.
      COMPULSORY INSURANCE LAW. The law requiring liability insurance in conjunction with the operation of a motor vehicle in this state, as found in 47 O.S. §§ 7-116 et seq.
      OPERATOR’S POLICY OF LIABILITY INSURANCE. Shall insure the named person against loss from the liability imposed by law for damages arising out of the operation or use of any motor vehicle not owned by said person, subject to the same limits of liability required in an owner’s policy.
      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 this division (F), 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 law; and
         (d)   Shall be issued by an authorized carrier providing coverage in accordance with 47 O.S. § 7-204.
      SECURITY.
         (a)   A policy or 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; or
         (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 of Property and Casualty Rates, verifying the existence of security required by the Compulsory Insurance Law of the state. Said form shall contain the following minimum information:
         (a)   Name and address of carrier;
         (b)   Name and address where security may be verified, if other than carrier;
         (c)   Name of insured;
         (d)   Notice that an owner’s policy has been issued pursuant to Compulsory Insurance Law;
         (e)   Year, make, and at least the last three digits of VIN of each insured vehicle (not required if owner’s form states “fleet coverage”);
         (f)   Inclusive dates liability policy is in effect; and
         (g)   A warning to the owner of state law requirements.
   (G)   (1)   Every operator of a motor vehicle registered in this state, shall, while operating or using such vehicle within the corporate limits of the town, carry either an operator’s or an owner’s security verification form issued by a carrier (providing the operator in not excluded from coverage thereon) or an equivalent form issued by the Department of Public Safety, reflecting liability coverage.
      (2)   An owner’s security verification form issued to the owner of a motor vehicle may be used as an operator’s security verification form by an operator who is not the owner of the motor vehicle, if said operator is not excluded from coverage on the motor vehicle liability insurance policy for the vehicle; any such exclusions from said policy shall be included on the owner’s security verification form.
      (3)   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 Town Police Department, shall be guilty of an offense.
   (H)   A sentence imposed for any violation of this section may be suspended or deferred in whole or in part by the court.
   (I)   Any person producing proof in court that a current security verification form or equivalent form which has been issued by the 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.
   (J)   Upon conviction, bond forfeiture, or deferral of sentence, the Court Clerk shall forward an abstract to the Department of Public Safety within ten days, reflecting the action taken by the court.
(Prior Code, Ch. 18, Art. 9, § 104) Penalty, see § 73.99