Bill Text: HI HB76 | 2023 | Regular Session | Introduced
Bill Title: Relating To Motor Vehicle Insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-02-02 - The committee(s) on CPC recommend(s) that the measure be deferred. [HB76 Detail]
Download: Hawaii-2023-HB76-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
76 |
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THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO MOTOR VEHICLE INSURANCE.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature further finds that motor vehicle insurance minimum coverage requirements have remained unamended since the enactment of Act 275, Session Laws of Hawaii 1998, nearly twenty-five years ago. Accordingly, the required liability insurance minimum coverage requirements currently in effect are insufficient. The legislature further finds that with rising inflation, the failure to increase these amounts will operate as a tax on tort victims throughout our State. Therefore, the legislature finds that it must take action to mitigate the impacts on Hawaii residents.
Accordingly, the purpose of this Act is to increase the minimum amounts of liability insurance coverage required for motor vehicle insurance policies.
SECTION 2. Section 431:10C-301, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) A motor vehicle insurance policy shall include:
(1) Liability
coverage of not less than [$20,000] $100,000 per person, with an
aggregate limit of [$40,000] $200,000 per accident, for all
damages arising out of accidental harm sustained as a result of any one
accident and arising out of ownership, maintenance, use, loading, or unloading
of a motor vehicle;
(2) Liability
coverage of not less than [$10,000] $40,000 for all damages
arising out of damage to or destruction of property including motor vehicles
and including the loss of use thereof, but not including property owned by,
being transported by, or in the charge of the insured, as a result of any one
accident arising out of ownership, maintenance, use, loading, or unloading, of
the insured vehicle;
(3) With respect to any motor vehicle registered or principally garaged in this State, liability coverage provided therein or supplemental thereto, in limits for bodily injury or death set forth in paragraph (1), under provisions filed with and approved by the commissioner, for the protection of persons insured thereunder who are legally entitled to recover damages from owners or operators of uninsured motor vehicles because of bodily injury, sickness, or disease, including death, resulting therefrom; provided that the coverage required under this paragraph shall not be applicable where any named insured in the policy shall reject the coverage in writing; and
(4) Coverage for loss resulting from bodily injury or death suffered by any person legally entitled to recover damages from owners or operators of underinsured motor vehicles. An insurer may offer the underinsured motorist coverage required by this paragraph in the same manner as uninsured motorist coverage; provided that the offer of both shall:
(A) Be conspicuously displayed so as to be readily noticeable by the insured;
(B) Set forth the premium for the coverage adjacent to the offer in a manner that the premium is clearly identifiable with the offer and may be easily subtracted from the total premium to determine the premium payment due in the event the insured elects not to purchase the option; and
(C) Provide for written rejection of the coverage by requiring the insured to affix the insured's signature in a location adjacent to or directly below the offer."
SECTION 3. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Motor Vehicle Insurance; Mandatory Minimum Coverage
Description:
Increases the minimum amounts of liability insurance coverage required for motor vehicle insurance policies.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
