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Bill > HB1716
TX HB1716
TX HB1716Relating to the minimum motor vehicle liability insurance coverage requirement for damage to or destruction of property of others.
summary
Introduced
01/26/2023
01/26/2023
In Committee
03/07/2023
03/07/2023
Crossed Over
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to the minimum motor vehicle liability insurance coverage requirement for damage to or destruction of property of others.
AI Summary
This bill amends the Texas Transportation Code to increase the minimum motor vehicle liability insurance coverage requirement for damage to or destruction of property of others from $25,000 to $50,000, effective January 1, 2024. The bill also specifies that the new minimum coverage applies only to insurance policies delivered, issued, or renewed on or after January 1, 2024, while policies before that date are governed by the previous $25,000 requirement. The bill takes effect on September 1, 2023.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Left pending in committee (on 04/18/2023)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Insurance Regulation
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB1716 | 01/26/2023 |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/HB01716I.htm | 04/16/2023 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB01716I.htm | 01/26/2023 |
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