HOUSE OF REPRESENTATIVES	H.B. NO.	994
TWENTY-SIXTH LEGISLATURE, 2011
STATE OF HAWAII

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-301.5, Hawaii Revised Statutes, is amended to read as follows:

     "§431:10C-301.5  Covered loss deductible.  Whenever a person effects a recovery for bodily injury, whether by suit, arbitration, or settlement, and it is determined that the person is entitled to recover damages, the judgment, settlement, or award shall be reduced by $5,000 or the amount of personal injury protection benefits incurred, whichever is greater, up to the maximum limit.  The covered loss deductible shall not include benefits paid or incurred under any optional additional [coverage or] coverage, benefits paid under any public assistance program[.], or benefits paid or incurred under chapter 386."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect on January 1, 2012.

INTRODUCED BY:

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Report Title:

Motor Vehicle Insurance; Covered Loss Deductible

Description:

Excludes benefits paid or incurred under the workers' compensation law from the covered loss deductible.  Effective January 1, 2012.

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