Oklahoma Medical Malpractice Insurance

The Basics

  • Number of practicing physicians in the state as of September 2014: 8,497
  • Number of medical professional liability insurers in the state in 2013: 90
  • 10 companies account for approximately 78% of the market share.

Tort Reform

Oklahoma law places a cap on non-economic damages (i.e. pain and suffering) in malpractice cases of $350,000. However if it is found that the defendant actions were: “1. In reckless disregard for the rights of others; 2. Grossly negligent; 3. Fraudulent; or 4. Intentional or with malice,” the cap does not apply and there is no limit placed on damages that can be awarded. As in most states there is no limit on economic damages which cover actual costs such as medical bills and time off of work. In addition to caps on noneconomic damages Oklahoma law also sets limits on punitive damages, which are rare in malpractice cases, but are generally not covered by insurance. The basic cap is the greater of $100,000 or the total amount of actual damages. However, in a case where the defendant is found to have acted intentionally or maliciously the cap is raised to $500,000, and if in addition to acting intentionally and maliciously the defendant is determined to have endangered the patient’s life there is no applicable cap. In addition to these damage caps Oklahoma at one time created a task force to pursue the creation of a tax-payer funded indemnity fund that would cover any noneconomic damages exceeding the cap, however it was among a number of reforms that was struck down by a 2013 court decision, and seems to be one of the few that has not been reinstituted since. 4f85b28f14a4db67_640_oklahoma-c

Statue of Limitations

The basic statute of limitations in Oklahoma requires that a claimant bring a case within two years after the alleged injury or, in a case where it was not detected immediately, within two years of when the injury was discovered or reasonably should have been. The latter is applicable, for instance, in cases where a foreign object was left in the claimant’s body. The only exceptions to this in Oklahoma are for minors or in the case of mental disability.

  • A minor under the age of 12 when the alleged injury occurs must have a suit filed on his or her behalf within seven years.
  • A minor over the age of 12 must bring his or her claim within one year of turning 18 or within two years of the time of the injury, whichever is longer.
  • A person who is deemed mentally incompetent must bring a case within seven years of the date of the alleged injury or, if they recover, within one year of their recovery.

Coverage for all medical specialties in Oklahoma.

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Summary of the Oklahoma Medical Malpractice Insurance Market

Oklahoma’s legal situation has been shaky over the last few years, but seems to have stabilized now. In 2009 the legislature passed a broad tort reform bill known as the Comprehensive Lawsuit Reform Act (CLRA) which provided a number of reforms related to all types of liability. The bill passed with bipartisan support, but then was struck down in 2013 by the Oklahoma Supreme Court on the grounds that it violated a provision of state law that requires any single bill to only have one subject or area of impact. The idea behind this rule is to prevent legislators from feeling pressured into voting for something they disagree with simply because it has been tagged on to a more important piece of legislation they support. However, many thought the court’s decision in this case was overreaching, and that the 2009 bill stayed within the limits of a single intent, namely tort reform. In any event, the governor called a special session just a few months after the bill was overturned and lawmakers put together over twenty individual bills that restored the vast majority of the provisions of the original 2009 legislation and the governor signed them into law late in 2013. With these reforms now firmly in place and having overcome the court’s objections the risk environment for physicians in Oklahoma now appears to be quite stable. Competition in the market is relatively healthy with the top 10 companies making up approximately 78% of the market, however the top 5 account for nearly 70% of that, so a little more diversity and competition would probably be good for reducing premium prices. However, between the low cost of living, relatively healthy market, and recent tort reform Oklahoma should be a good place to practice medicine for the foreseeable future.