THE SENATE |
S.B. NO. |
2265 |
TWENTY-SIXTH LEGISLATURE, 2012 |
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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 287-25, Hawaii Revised Statutes, is amended to read as follows:
"§287-25 Owner's policy requirements. An owner's policy of liability insurance:
(1) Shall designate by explicit description or by appropriate reference all motor vehicles with respect to which coverage is thereby to be granted;
(2) Shall insure the person named therein and any
other person, as insured, using any such motor vehicle or motor vehicles with
the express or implied permission of the named insured, against loss from the
liability imposed by law for damages arising out of the ownership, maintenance,
or use of the motor vehicle or motor vehicles within the State and such other
places as the policy provides, subject to limits exclusive of interest and
costs, with respect to each such motor vehicle, as follows: [$10,000] $100,000
because of bodily injury to or death of one person in any one accident, and
subject to such limit for one person, [$20,000] $200,000 because
of bodily injury to or death of two or more persons in any one accident, and
$5,000 because of injury to or destruction of property of others in any one
accident."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval and shall apply to motor vehicle insurance policies issued or renewed on or after its effective date.
INTRODUCED BY: |
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Report Title:
Motor Vehicle Liability Insurance; Bodily Injury
Description:
Increases the minimum bodily injury motor vehicle insurance to $100,000 for bodily injury or death to one person and $200,000 for bodily injury or death to two or more persons.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.