Bill > LD1276

This bill amends Maine's motor vehicle insurance requirements by establishing a new minimum insurance coverage of $750,000 for intrastate commercial motor vehicles. Specifically, the bill adds a sixth provision to the existing insurance requirement statute, which previously specified separate coverage amounts for property damage ($25,000), individual injury ($50,000), multiple-person injury accidents ($100,000), medical payments ($2,000), and towing and storage charges ($500). The new $750,000 combined single limit for intrastate commercial motor vehicles is designed to align state insurance standards with federal financial responsibility requirements, ensuring that commercial vehicles operating within Maine have sufficient insurance coverage to protect against potential accidents and damages. This change aims to provide better financial protection for businesses, drivers, and potential victims in the event of commercial vehicle incidents.

Health and Social Services

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1276&snum=132