S.B. 2342 Summary

• Increases penalties for repeat traffic violations including driving without a license, speeding, and reckless driving, with enhanced fines and mandatory minimum imprisonment of 30 days to 1 year for offenders with 2+ prior convictions within 5 years

• Raises fines for driving without motor vehicle insurance, establishing $500 for first offense and minimum $1,500 for subsequent offenses within 5 years, with option for community service in lieu of fines

• Increases required motor vehicle liability insurance minimums for policies issued before January 1, 2027, and establishes new higher minimums for policies issued on or after that date (specific amounts left blank in bill text)

• Establishes new insurance requirements for U-drive (car rental) motor vehicles, requiring primary coverage at minimum multiples of standard liability limits, personal injury protection, and optional uninsured/underinsured motorist coverage with mandatory written disclosures to customers

• Amends peer-to-peer car-sharing program insurance requirements to increase primary coverage from 4 times to unspecified multiple of standard liability limits (blank in text); requires Insurance Commissioner to solicit rate filings from insurers by July 1, 2024 with effective date July 1, 2025