HB2932

Oklahoma HB2932 amends compensation for bodily injury claims, limits noneconomic damages, and addresses liability insurance compliance.

Oklahoma HB2932 amends the compensation for bodily injury claims by setting a cap on noneconomic damages at $1,000,000 unless the defendant's conduct is found to be reckless, grossly negligent, fraudulent, or malicious. It also limits economic damages to $100,000 for bodily injury and property damage. The bill mandates that vehicle owners who fail to maintain liability insurance and seek damages for bodily injury up to $100,000 are liable for all court costs. It clarifies that insurers retain subrogation rights and that claimants' insurers can recover amounts paid if no suit is filed.