Insurance; minimum amount of insurance to be held for property damage; effective date.

HB 2965 increases Oklahoma's minimum required property damage coverage for auto liability insurance from $25,000 to $50,000 per accident. This change directly affects all vehicle owners and insurers in Oklahoma who must carry auto liability insurance, raising the baseline protection for property damage claims. The bill amends Section 7-324 of Oklahoma Statutes to update the coverage limits for property damage while keeping other liability requirements unchanged. The law will take effect on November 1, 2026.