H. B. 2823

         (By Delegates Azinger, Walters, Hamilton,

          Guthrie and Manchin)

         [Introduced March 5, 2013; referred to the

         Committee on Banking and Insurance then the Judiciary.]

A BILL to amend and reenact §17D-4-2 of the Code of West Virginia, 1931, as amended, relating to increasing the minimum proof of financial responsibility in motor vehicle insurance coverage.

Be it enacted by the Legislature of West Virginia:

    That §17D-4-2 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 4. PROOF OF FINANCIAL RESPONSIBILITY FOR THE FUTURE.

§17D-4-2. "Proof of financial responsibility" defined.

    The term "proof of financial responsibility" as used in this chapter shall mean means: Proof of ability to respond in damages for liability, on account of accident occurring subsequent to the effective date of said the proof, arising out of the ownership, operation, maintenance or use of a motor vehicle, trailer or semitrailer in the amount of $20,000 $50,000 because of bodily injury to or death of one person in any one accident, and, subject to said the limit for one person, in the amount of $40,000 $100,000 because of bodily injury to or death of two or more persons in any one accident, and in the amount of $10,000 $25,000 because of injury to or destruction of property of others in any one accident.

    NOTE: The purpose of this bill is to increase the minimum proof of financial responsibility in motor vehicle insurance coverage.

    Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.