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Bill > HB3474


WV HB3474

WV HB3474
Increasing mandatory insurance coverage limits for proof of financial responsibility


summary

Introduced
02/14/2023
In Committee
02/14/2023
Crossed Over
Passed
Dead
03/11/2023

Introduced Session

2023 Regular Session

Bill Summary

The purpose of this bill is to increase mandatory insurance coverage limits.

AI Summary

This bill aims to increase the mandatory insurance coverage limits required for proof of financial responsibility in West Virginia. Specifically, it raises the minimum coverage amounts for bodily injury or death from $20,000 to $25,000 per person and from $40,000 to $50,000 per accident, as well as increases the minimum property damage coverage from $10,000 to $25,000. Additionally, the bill sets higher coverage limits starting January 1, 2024, raising the per-person bodily injury or death limit to $50,000, the per-accident bodily injury or death limit to $100,000, and the property damage limit to $50,000. The purpose of these changes is to ensure drivers have adequate insurance coverage to protect themselves and others in the event of an accident.

Committee Categories

Justice

Sponsors (1)

Last Action

To House Judiciary (on 02/14/2023)

bill text


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