SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2009 SESSION
HB 2431 Underinsured motorist insurance coverage; claim settled for amount exhausting policy limits.
Introduced by: Johnny S. Joannou | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Underinsured motorist insurance coverage. Provides a mechanism for a motor vehicle liability insurer to settle a claim for bodily injury or death for an amount that would exhaust its policy limits. Notice of the offer is required to be sent to any insurer providing uninsured motorist coverage. If the insurer consents to the liability insurer's tentative policy limits settlement offer, it will thereby waive its subrogation rights against the tortfeasor and his insurer. The measure also provides that the liability insurer of a tortfeasor, after paying the limits of liability under its policy and obtaining the court's approval, shall be released from further liability and the obligation to participate in the defense of an action against a tortfeasor for damages, including death, caused by the operation of an underinsured motor vehicle. The court may approve an application if it is persuaded that the tortfeasor has been sent notice of the nature of the proceeding and of his right to select counsel of his choice to appear in the action.
FULL TEXT
HISTORY
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 091414572
- 01/14/09 House: Referred to Committee on Commerce and Labor
- 01/20/09 House: Assigned C & L sub: 1
- 01/27/09 House: Subcommittee recommends referring to Courts of Justice by voice vote
- 01/29/09 House: Referred from Commerce and Labor by voice vote
- 01/29/09 House: Referred to Committee for Courts of Justice
- 02/02/09 House: Assigned Courts sub: Civil
- 02/02/09 House: Subcommittee recommends reporting with amendment(s)
- 02/04/09 House: Tabled in Courts of Justice by voice vote