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ID H0247

Bill

Official Source

Status

Introduced

3/6/2019

Primary Sponsor

Ways and Means Committee

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Defines "underinsured motor vehicle" as a self-insured vehicle or one with liability insurance limits at least equal to those required under Idaho Code Section 49-117
  • Establishes underinsured motorist coverage as excess coverage that cannot be reduced by payments from the tortfeasor's or other coverage
  • Limits policyholder recovery to the lesser of total legal liability of the tortfeasor or applicable underinsured coverage limits
  • Applies to motor vehicle liability insurance policies providing uninsured or underinsured motorist coverage without altering other policy terms and conditions
  • Takes effect July 1, 2019 for new policies; existing policies must comply by January 1, 2020 or upon renewal, whichever is earlier

Legislative Description

Amends existing law to establish provisions regarding underinsured motor vehicle coverage.

INSURANCE

Last Action

Reported Printed and Referred to Business

3/7/2019

Committee Referrals

Business3/7/2019

Full Bill Text

No bill text available