HOUSE BILL NO. HB0008. Joint Transportation, Highways and Military Affairs Interim Committee A BILL. for

Transcription

1 00 STATE OF WYOMING 0LSO-0 HOUSE BILL NO. HB000 Motor vehicle insurance requirements. Sponsored by: Joint Transportation, Highways and Military Affairs Interim Committee A BILL for AN ACT relating to the Motor Vehicle Safety-Responsibility Act; increasing the minimum required insurance coverage for motor vehicles, as specified; and providing for an effective date. Be It Enacted by the Legislature of the State of Wyoming: 0 Section. W.S. --0(a)(xi), --0(d), --0(a) and (b)(ii), --0(a) and -0-0 are amended to read: --0. Definitions. (a) As used in this act: HB000

2 00 STATE OF WYOMING 0LSO-0 0 (xi) "Proof of financial responsibility" means evidence of ability to respond in damages for liability, resulting from accidents occurring subsequent to the effective date of the proof, arising out of the ownership, maintenance or use of a motor vehicle, in the amount of twenty-five thousand dollars ($,000.00) fifty thousand dollars ($0,000.00) because of bodily injury to or death of one () person in any one () accident, and subject to the limit for one () person, in the amount of fifty thousand dollars ($0,000.00) one hundred thousand dollars ($00,000.00) because of bodily injury to or death of two () or more persons in any one () accident, and in the amount of twenty thousand dollars ($0,000.00) twenty-five thousand dollars ($,000.00) because of injury to or destruction of property of others in any one () accident; --0. Suspension of license and registration after accident report; exclusions and security requirements. 0 (d) No insurance policy or surety bond is effective under this section unless issued by an insurance company or surety company authorized to do business in this state, except that if the motor vehicle was not registered in this HB000

3 00 STATE OF WYOMING 0LSO state, or was a motor vehicle which was registered elsewhere than in this state at the effective date of the policy or bond, or the most recent renewal thereof, the policy or bond is not effective under this section unless the insurance company or surety company if not authorized to do business in this state executes a power of attorney authorizing the division to accept service on its behalf of notice or process in any action upon the policy or bond arising out of the accident. Every policy or bond shall be subject, if the accident has resulted in bodily injury or death, to a limit, exclusive of interest and costs, of not less than twenty-five thousand dollars ($,000.00) fifty thousand dollars ($0,000.00) because of bodily injury to or death of one () person in any one () accident and, subject to the limit for one () person, to a limit of not less than fifty thousand dollars ($0,000.00) one hundred thousand dollars ($00,000.00) because of bodily injury to or death of two () or more persons in any one () accident, and, if the accident has resulted in injury to or destruction of property, to a limit of not less than twenty thousand dollars ($0,000.00) twenty-five thousand dollars ($,000.00) because of injury to or destruction of property of others in any one () accident. HB000

4 00 STATE OF WYOMING 0LSO "Liability policy" defined; required coverage; additional clauses. (a) As used in this act "liability policy" means an 0 owner's or an operator's policy of liability insurance, certified as provided in W.S. --0 or --0 as proof of financial responsibility, and issued, except as otherwise provided in W.S. --0, by an insurance carrier authorized to transact business in this state, to or for the benefit of the person named as insured. For the purposes of this act, "liability policy" shall also include the uninsured coverage required by W.S. -0-0, and every provision of law referencing liability policy requirements of this act shall be interpreted to include coverage required by W.S (b) An owner's policy of liability insurance shall: 0 (ii) Insure the person named and, except for persons specifically excluded pursuant to W.S. --0, any other person, as insured, using any covered motor vehicle with the express or implied permission of the named insured against loss from the liability imposed by law for damages arising out of the ownership, maintenance or use of HB000

5 00 STATE OF WYOMING 0LSO-0 0 the motor vehicle within the United States of America or the Dominion of Canada, subject to limits exclusive of interest and costs with respect to each motor vehicle, as follows: twenty-five thousand dollars ($,000.00) fifty thousand dollars ($0,000.00) because of bodily injury to or death of one () person in any one () accident and, subject to the limit for one () person, fifty thousand dollars ($0,000.00) one hundred thousand dollars ($00,000.00) because of bodily injury to or death of two () or more persons in any one () accident and twenty thousand dollars ($0,000.00) twenty-five thousand dollars ($,000.00) because of injury to or destruction of property of others in any one () accident. treasurer Cash and securities deposited with state 0 (a) Proof of financial responsibility may be evidenced by the certificate of the state treasurer that the person named therein has deposited with him twenty-five thousand dollars ($,000.00) fifty thousand dollars ($0,000.00) in cash, or securities as provided by W.S. -- or as may legally be purchased for trust funds of a market value of twenty-five thousand dollars ($,000.00) HB000

6 00 STATE OF WYOMING 0LSO-0 fifty thousand dollars ($0,000.00). The state treasurer shall not accept any deposit and issue a certificate therefor and the division shall not accept the certificates unless accompanied by evidence that there are no unsatisfied judgments of any character against the depositor in the county where the depositor resides Required coverage. 0 0 No policy insuring against loss resulting from liability imposed by law for bodily injury or death suffered by any natural person arising out of the ownership, maintenance or use of a motor vehicle shall be delivered or issued for delivery in this state with respect to any motor vehicle registered or principally garaged in this state unless coverage is provided therein, or supplemental thereto, in limits for bodily injury or death as provided by W.S. --0(a)(xi), under provisions approved by the insurance commissioner for the protection of persons insured thereunder or legally entitled to recover damages from owners or operators of uninsured motor vehicles because of bodily injury, sickness or disease, including death resulting therefrom. The named insured may reject the coverage. Unless the named insured requests the coverage in HB000

7 00 STATE OF WYOMING 0LSO-0 writing, the coverage need not be provided in or supplemental to a renewal policy where the named insured had rejected the coverage in connection with the policy previously issued to him by the same insurer. Section. This act is effective July, 00. (END) HB000