HB 1031 Summary

• Exempts coverage for motor vehicles used for business purposes under commercial property and casualty insurance (Class 2 or 3 policies) from the requirement to make uninsured and underinsured motorist coverage available.

• Applies the exemption only when the motor vehicle is not owned by the insured but is used by the insured or their employee for business purposes.

• Maintains existing requirements for uninsured and underinsured motorist coverage in standard automobile liability policies and personal use vehicles.

• Effective July 1, 2011.