REPORT TITLE:
Arbitration; Binding


DESCRIPTION:
Limits collection of any arbitration award to the applicable
liability policy limit.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2213
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
________________________________________________________________
________________________________________________________________


                   A  BILL  FOR  AN  ACT

RELATING TO BINDING ARBITRATION AWARDS.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Section 431:10C-213.5, Hawaii Revised Statutes,
 
 2 is amended by amending subsection (f) to read as follows:
 
 3      "(f)  [Any] Collection of any arbitration award issued under
 
 4 this section shall be limited to the applicable liability policy
 
 5 limit, unless the insured tortfeasor otherwise agrees."
 
 6      SECTION 2.  Statutory material to be repealed is bracketed.
 
 7 New statutory material is underscored.
 
 8      SECTION 3.  This Act shall take effect upon its approval.
 
 9 
 
10                              INTRODUCED BY:______________________