07RS HB428

HB428

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 428 (BR 1273) - C. Hoffman

     AN ACT relating to motor vehicle insurance.
     Amend KRS 304.20-020 to define "principally garaged", to require limits for property damage, and to require that any motor vehicle liability insurance policy issued in this state shall include a certification from the insured that he has received full disclosure of all available coverage types, levels of coverage and corresponding premium quotes; amend KRS 304.39-020 to increase the basic reparation benefit for personal injury to any one person from $10,000 to $25,000; amend KRS 304.39-050 to increase the basic reparation benefit for personal injury to any one person from $10,000 to $25,000 from more than one reparation obligor; amend KRS 304.39-110 to increase the split limits liability coverage for bodily injury sustained by one person from $25,000 to $50,000 and to increase the split limits liability coverage for bodily injury sustained by all injured persons as the result of one accident from $50,000 to $100,000, to increase the liability coverage for property damage arising from one accident from $10,000 to $25,000, and to increase the single limits liability coverage minimum for all damages arising out of bodily injury or property damage from one accident from $60,000 to $125,000; amend KRS 304.39-115 to provide that damages for loss of use of a motor vehicle shall include the costs of acquiring a reasonable replacement vehicle of like kind to the damaged motor vehicle; and amend KRS 304.39-130 to increase the maximum weekly basic reparation benefits for work loss, survivor's economic loss, replacement services loss and survivor's replacement loss from $200 to $500.

     Feb 12-introduced in House
     Feb 15-to Banking & Insurance (H)
     Feb 16-posted in committee


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