Compulsory Insurance Law definition

Compulsory Insurance Law means the law requiring liability insurance in conjunction with the operation of a motor vehicle in this state as found in Article VI, Chapter 7, and Section 7-606 of Title 47 of the Oklahoma Statutes; and
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Compulsory Insurance Law means the law requiring liability insurance in conjunction with the operation of a motor vehicle in the State of Oklahoma as found in Article VI, Chapter 7 of Title 47 of the Oklahoma Statutes.
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Examples of Compulsory Insurance Law in a sentence

  • It is understood that the business reinsured under this Contract is deemed to include coverages extended for non-resident drivers under the Motor Vehicle Financial Responsibility Law or the Motor Vehicle Compulsory Insurance Law, or any similar law of any state or province, following the provisions of the Company’s Policies when they include or are deemed to include so called “out of state insurance” provisions.

  • A statement reflecting the form may be carried in lieu of an owner's form pursuant to the Compulsory Insurance Law while operating a motor vehicle.

  • A notice that in accordance with the Compulsory Insurance Law of this state, liability coverage has been issued for the named insured; 5.

  • A carrier may provide any additional information consistent with the Compulsory Insurance Law of this state in an owner's or operator's security verification form, but shall not be required to list the actual amounts of liability coverage thereon.

  • The State of Oklahoma, the departments and agencies thereof, including the Department of Public Safety, all political subdivisions, and the officers and employees of each, shall not be held legally liable in any suit in law or in equity for any erroneous entry of a suspension upon the records of the Department, nor for the enforcement of the provisions of the Compulsory Insurance Law, Section 7-600 et seq.

  • A security verification form is a form, approved by the Insurance Commissioner, verifying the existence of security required by the Compulsory Insurance Law of the State of Oklahoma.

  • This division is also charged with enforcement of the provisions of the financial responsibility laws of this state (47 O.S. §7-101 et seq.) and the Compulsory Insurance Law (47 O.S. §7-600 et seq.).

  • The owner shall comply with the provisions of the Compulsory Insurance Law for the full term of the agreement; and 3.

  • The owner shall not own or operate any vehicle in violation of the Compulsory Insurance Law during the full term of the agreement.

  • However, if any other insurance policy covers our insured’s liability and provides the minimum limits required by the Compulsory Insurance Law the exclusion provisions of this policy shall be deemed to be fully enforceable.

Related to Compulsory Insurance Law

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Policy means Related Party Transaction Policy.

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Insurances means, in relation to a Ship: