summary
Introduced
02/10/2023
02/10/2023
In Committee
02/13/2023
02/13/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
INSURANCE -- Amends existing law to provide certain limitations on coverage.
AI Summary
This bill amends existing law to provide certain limitations on underinsured motorist coverage. Specifically, it states that for policies issued or renewed on or after July 1, 2024, underinsured motorist coverage must be excess coverage that is in addition to the insufficient coverage of the at-fault driver. The bill also limits the amount that the insured can recover from the underinsured motorist coverage to the lesser of the total legal liability of the at-fault driver or the applicable limits of the underinsured coverage. Additionally, the bill authorizes the Department of Insurance to promulgate rules to implement and enforce these provisions. The bill also includes an emergency clause, making it effective on July 1, 2023.
Committee Categories
Business and Industry, Justice
Sponsors (5)
Other Sponsors (1)
Commerce and Human Resources Committee (Senate)
Last Action
Senate Commerce & Human Resources Committee (13:00:00 3/21/2023 Room WW54) (on 03/21/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2023/legislation/S1067/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1067.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1067SOP.pdf |
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