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Medical Malpractice Insurance in Oklahoma: Costs, Statute of Limitations, Requirements & Quotes

Oklahoma Medical Malpractice Laws  

Every state, including Oklahoma, has deadlines- or statute of limitations- for filing malpractice lawsuits. The medical maIpractice statute of limitations in the state of Oklahoma is two years.

Children under twelve have seven years from the date of negligent act to file a claim. If the minor is older than twelve, teh parents must file a claim for medical mapractice by his or her nineteenth birthday. 

 

Legally speaking, Oklahoma operates with a version of the “collateral source” rule. In personal injury, this rule is designed to eliminate evidence of the plaintiff’s ability to receive other funds from insurance, worker’s compensation or other sources. But in Oklahoma, this rule does may apply to medical malpractice cases. Evidence of collateral sources of payment can be introduced when damages are being calculated. This can help physicians on the other end. However, having medical malpractice insurance in Oklahoma is highly recommended to prevent loss of personal assets and wages. 

 

Medical Malpractice In Oklahoma: Facts and Statistics

  • In 2016, Oklahoma had 13,141 licensed physicians within a population of 3,923,561 residents, equaling 335 physicians for every 100,000 people.
  • In 2015, medical malpractice suits in were 36.3 per 100,000 residents, with a total payout of $32.5 million. This represents a 10.69% decrease from 2014.
  • In 2015, Oklahoma ranked 2nd in medical malpractice lawsuits.
  • The most common three types of medicine practiced as of 2012 were family medicine/general practice, pediatrics, and anesthesiology.

 Costs, Requirements, and Limitations:

  • Industry Average Cost of a Medical Malpractice Insurance in Oklahoma: $12,448
  • Is Medical Malpractice Insurance Required in Oklahoma? No, but it is highly recommended to protect personal assets.
  • Minimum Carrying Requirements in Oklahoma: None
  • At what rate do doctors get sued in Oklahoma? 36.3 suits per 100,000 people
  • What are the medical malpractice damage caps in Oklahoma? The noneconomic damages are capped at $350,000.
  • What is the “statute of limitations” for a medical malpractice complaint in Oklahoma? 2 years, Oklahoma Statutes section 76-18

 

 

Medical Malpractice Insurance in Oklahoma
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