Bill Text: HI HB994 | 2011 | Regular Session | Introduced
Bill Title: Motor Vehicle Insurance; Covered Loss Deductible
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-01-26 - (H) Referred to LAB, CPC, referral sheet 2 [HB994 Detail]
Download: Hawaii-2011-HB994-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
994 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
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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:
SECTION 1. Section 431:10C-301.5, Hawaii Revised Statutes, is amended to read as follows:
"§431:10C-301.5 Covered loss
deductible. Whenever a person effects a recovery for bodily injury,
whether by suit, arbitration, or settlement, and it is determined that the
person is entitled to recover damages, the judgment, settlement, or award shall
be reduced by $5,000 or the amount of personal injury protection benefits
incurred, whichever is greater, up to the maximum limit. The covered loss
deductible shall not include benefits paid or incurred under any optional
additional [coverage or] coverage, benefits paid under any public
assistance program[.], or benefits paid or incurred under chapter
386."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on January 1, 2012.
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INTRODUCED BY: |
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Report Title:
Motor Vehicle Insurance; Covered Loss Deductible
Description:
Excludes benefits paid or incurred under the workers' compensation law from the covered loss deductible. Effective January 1, 2012.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
