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State law requires all Colorado drivers to carry a minimum of: $25,000 in bodily injury liability coverage per person $50,000 in bodily injury liability coverage per accident.
Another example, in the state of Oklahoma, drivers must carry at least state minimum liability limits of $25,000/$50,000/$25,000. [6] If an insured driver hits a car full of people and is found by the insurance company to be liable, the insurance company will pay $25,000 of one person's medical bills but will not exceed $50,000 for other people ...
Oklahoma. 25/50/25 . None. Oregon. 25/50/20. 25/50 UM/UIM ... it may require these higher-than-minimum liability limits for extra financial protection if you’re deemed at fault in an accident ...
The liability limits vary from state minimum coverage up to 250/500/100. Rates include bodily injury liability per person and per accident, and property damage liability, respectively.
Pursuant to the state constitution, the Colorado General Assembly has enacted various laws. The bills and concurrent resolutions passed by a particular General Assembly session, together with those resolutions and memorials designated for printing by the House of Representatives and the Senate, are contained in the Session Laws of Colorado. [1]
The current rule is that for beneficiaries under 19 (under 24 if a student), the first $1,050 of unearned income is tax-free, the second $1,050 is taxed at the minor's rate (typically 12%), and the amount over $2,100 is taxed at the ordinary and capital gains rates applicable to trusts and estates. UGMA and UTMA accounts can invest in the stock ...
$25,000 of property damage liability per accident. Oklahoma auto insurance laws also require insurance companies to offer uninsured/underinsured motorist coverage with minimum limits of $25,000 ...
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