REPORT TITLE:
Motor Vehicle Insurance


DESCRIPTION:
Reduces damages recovered in motor vehicle injury suits by 50% of
the personal injury protection benefits rather than by greater of
$5,000 of the total personal injury protection benefits.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2315
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
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:

 1      SECTION 1.  Section 431:10C-301.5, Hawaii Revised Statutes,
 
 2 is amended to read as follows:
 
 3      "§431:10C-301.5  Covered loss deductible.  Whenever a person
 
 4 effects a recovery for bodily injury, whether by suit,
 
 5 arbitration, or settlement, and it is determined that the person
 
 6 is entitled to recover damages, the judgment, settlement, or
 
 7 award shall be reduced by [$5,000 or] fifty per cent of the
 
 8 amount of personal injury protection benefits incurred[,
 
 9 whichever is greater,] up to the maximum limit.  The covered loss
 
10 deductible shall not include benefits paid or incurred under any
 
11 optional additional coverage."
 
12      SECTION 2.  Statutory material to be repealed is bracketed.
 
13 New statutory material is underscored.
 
14      SECTION 3.  This Act shall take effect on July 1, 2000.
 
15 
 
16                              INTRODUCED BY:______________________