AZ SB1087

Increases minimum motor vehicle liability insurance limits effective July 1, 2020, from $15,000/$30,000/$10,000 to $25,000/$50,000/$15,000 for bodily injury, death, and property damage per accident.

Requires insurers to offer uninsured and underinsured motorist coverage to named insureds at the time of application on a director-approved form, with policy declarations page sent to the insured.

Clarifies that no offer of uninsured or underinsured motorist coverage is required during policy reinstatement, transfer, renewal, or when minimum liability limits change per this bill.

Permits insurers to limit coverage so only one policy applies to any one accident when an insured has multiple vehicle policies, requiring notification of this selection right within 30 days of accident notice if not stated in the policy.

Applies to automobile liability and motor vehicle liability policies issued, reinstated, or renewed on or after July 1, 2020.