Bill > SB2406

This bill amends the Mississippi Motor Vehicle Safety-Responsibility Law to increase the minimum required motor vehicle liability insurance coverage. Specifically, the bill raises the proof of financial responsibility requirements from $25,000 to $50,000 for bodily injury or death of one person in an accident, from $50,000 to $100,000 for bodily injury or death of two or more persons in a single accident, and from $25,000 to $50,000 for property damage in one accident. The definition of "proof of financial responsibility" is updated to reflect these new higher coverage amounts, and the bill allows liability insurance policies to contain exclusions and limitations on coverage, provided these are filed and approved by the Commissioner of Insurance. The increased insurance requirements will take effect on July 1, 2025, giving insurance providers and vehicle owners time to adjust to the new mandated coverage levels. This change aims to provide greater financial protection for individuals involved in motor vehicle accidents by ensuring higher potential compensation for injuries, deaths, and property damage.

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https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2406.xml