SB 223 – Increases the minimum motor vehicle liability coverage a driver must carry for others' property when operating a motor vehicle

• Sponsor: Schatz
• LR Number: 0949S.03C
• Committee: Insurance and Banking
• Last Action: 5/12/2017 - Informal Calendar S Bills for Perfection--SB 223-Schatz, with SCS
• Title: SCS SB 223
• Effective Date: August 28, 2017

Current Bill Summary

SCS/SB 223 - This act increases, from ten thousand dollars to twenty-five thousand dollars, the minimum motor vehicle liability coverage a person must carry for others' property when operating a motor vehicle under the Motor Vehicle Financial Responsibility Law.

This act similarly amends a statute requiring minimum coverage limits for state-controlled motor vehicles, aircraft, and marine vessels.

This act also amends the total amount required to be deposited with the state to receive a certificate of financial responsibility from the State Treasurer from sixty thousand dollars to seventy-five thousand dollars.

The provisions of this act apply only to policies and certificates issued on or after July 1, 2018.

This act has a delayed effective date of July 1, 2018.

This act is identical to provisions in SCS/HB 256 (2017), and similar to provisions in HB 900 (2017).

ERIC VANDER WEERD