Bill Text: HI SB341 | 2024 | Regular Session | Amended
Bill Title: Relating To Motor Vehicle Insurance.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced - Dead) 2023-12-11 - Carried over to 2024 Regular Session. [SB341 Detail]
Download: Hawaii-2024-SB341-Amended.html
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THE SENATE |
S.B. NO. |
341 |
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THIRTY-SECOND LEGISLATURE, 2023 |
S.D. 1 |
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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, 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] $
per person, with an aggregate limit of [$40,000] $
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] $
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 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title:
Motor Vehicle Insurance; Minimum Coverage
Description:
Inserts unspecified amounts for minimum required liability coverage for accidental harm and destruction of property for motor vehicle insurance policies in the State. Takes effect 7/1/2050. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
