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1996 SESSION
HB 775 Motor vehicle insurance; underinsured motorist coverage.
Introduced by: A. Donald McEachin | all patrons ... notes | add to my profiles
SUMMARY:
Motor vehicle insurance; underinsured motorist coverage. Amends statutory language outlining the formula for calculating underinsurance coverage. The statute's current language provides that a motor vehicle is underinsured when, and to the extent that, the total amount of bodily injury and property damage coverage applicable to the operation or use of the motor vehicle and available for payment for such bodily injury or property damage, including all bonds or deposits of money or securities made pursuant to Article 15 (§ 46.2-435 et seq.) of Chapter 3 of Title 46.2, is less than the total amount of uninsured motorist coverage afforded any person injured as a result of the operation or use of the vehicle. The bill provides that the "total amount of uninsured motorist coverage" may include all uninsured motorist coverage applicable to the operation or use of a motor vehicle occupied by an injured person who is not the vehicle's operator at the time of the accident causing his injuries. However, the insurer providing the coverage on the vehicle is not liable for payment of uninsured or underinsured motorist coverage on behalf of the operator if it has exhausted its liability coverage on his behalf. The bill further declares that its provisions are declarative of existing law.
FULL TEXT
- 01/22/96 House: Presented & ordered printed 961025351 pdf
- 02/08/96 House: Printed as engrossed 961025351-E pdf
AMENDMENTS
HISTORY
- 01/22/96 House: Presented & ordered printed 961025351
- 01/22/96 House: Referred to Committee on Corporations, Insurance and Banking
- 02/06/96 House: Reported from C. I. B. w/amd. (22-Y 0-N)
- 02/07/96 House: Read first time
- 02/08/96 House: Read second time
- 02/08/96 House: Committee amendment agreed to
- 02/08/96 House: Engrossed by House as amended
- 02/08/96 House: Printed as engrossed 961025351-E
- 02/09/96 House: Read third time and passed House (Block Vote) (99-Y 0-N)
- 02/09/96 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/09/96 House: Reconsideration of passage agreed to by House
- 02/09/96 House: Passed House (Block Vote) (100-Y 0-N)
- 02/09/96 House: VOTE: BLOCK VOTE PASSAGE #2 (100-Y 0-N)
- 02/09/96 House: Communicated to Senate
- 02/12/96 Senate: Read first time
- 02/12/96 Senate: Referred to Committee on Commerce and Labor
- 02/19/96 Senate: Continued to 1997 in Commerce and Labor (15-Y 0-N)