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HOUSE BILL No. 1551

Citations Affected: IC 9-25.

Synopsis: Motor vehicle financial responsibility. Provides that the minimum amounts of financial responsibility required for the operation of a motor vehicle are: (1) $50,000 for bodily injury to or the death of one individual; (2) $100,000 for bodily injury to or the death of two or more individuals in any one accident; and (3) $20,000 for damage to or the destruction of property in one accident. (Current limits are $25,000, $50,000, and $10,000, respectively.)

Effective: July 1, 2013.

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Smith M

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    January 22, 2013, read first time and referred to Committee on Roads and Transportation.

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PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2012 Regular Session of the General Assembly.

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    A BILL FOR AN ACT to amend the Indiana Code concerning motor vehicles.

SOURCE: IC 9-25-2-3; (13)IN1551.1.1. -->     SECTION 1. IC 9-25-2-3 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 3. "Proof of financial responsibility" means proof of ability to respond in damages for each motor vehicle registered by a person for liability that arises out of the ownership, maintenance, or use of the motor vehicle in the following amounts
        (1) Twenty-five thousand dollars ($25,000) because of bodily injury to or death of any one (1) person.
        (2) Subject to the limit in subdivision (1), fifty thousand dollars ($50,000) because of bodily injury to or death of two (2) or more persons in any one (1) accident.
        (3) Ten thousand dollars ($10,000) because of injury to or destruction of property in any one (1) accident. specified in IC 9-25-4-5.

SOURCE: IC 9-25-4-5; (13)IN1551.1.2. -->     SECTION 2. IC 9-25-4-5 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 5. Except as provided in section 6 of this chapter, the minimum amounts of financial responsibility are as follows:

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        (1) Subject to the limit set forth in subdivision (2), twenty-five fifty thousand dollars ($25,000) ($50,000) for bodily injury to or the death of one (1) individual.
        (2) Fifty One hundred thousand dollars ($50,000) ($100,000) for bodily injury to or the death of two (2) or more individuals in any one (1) accident.
        (3) Ten Twenty thousand dollars ($10,000) ($20,000) for damage to or the destruction of property in one (1) accident.