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Bill > HB1375


IN HB1375

IN HB1375
Financial responsibility.


summary

Introduced
01/13/2025
In Committee
01/13/2025
Crossed Over
Passed
Dead
04/24/2025

Introduced Session

2025 Regular Session

Bill Summary

Financial responsibility. Requires an insurance carrier to notify the bureau of motor vehicles (bureau) when a motor vehicle liability insurance policy issued by the insurance carrier becomes inactive. Requires an insurance carrier to notify the bureau when a motor vehicle liability insurance policy issued by the insurance carrier is reinstated after becoming inactive. Provides that if an individual switches insurance carriers, the insurance carrier that issues the new motor vehicle liability insurance policy must notify the bureau of the change in motor vehicle liability insurance policies. Requires the bureau to report certain information to the Indiana data and communication system.

AI Summary

This bill introduces new requirements for motor vehicle liability insurance carriers regarding policy status notifications to the Bureau of Motor Vehicles (BMV). Specifically, insurance carriers must notify the BMV within one business day when a motor vehicle liability insurance policy becomes "inactive" (meaning expired, cancelled, or lapsed), is reinstated after being inactive, or when a policyholder switches to a new insurance carrier. "Inactive" is defined in the bill as the expiration, cancellation, or lapse of an insurance policy. The BMV is then required to report this information to the Indiana data and communication system within one business day of receiving the notification. The bill emphasizes that these new notification requirements are separate from existing legal obligations for insurance carriers to provide cancellation or expiration notices. The new provisions will take effect on July 1, 2025, and are designed to help the state maintain more up-to-date records of vehicle insurance coverage.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

First reading: referred to Committee on Roads and Transportation (on 01/13/2025)

bill text


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