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1999 SESSION

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HB 2292 Private pleasure watercraft; optional uninsured coverage.

Introduced by: Ward L. Armstrong | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Liability insurance; private pleasure watercraft; optional uninsured private pleasure watercraft coverage. Requires insurers to offer limits of liability for optional uninsured private pleasure watercraft coverage that are equal to the liability limits of the private pleasure watercraft policy. This optional uninsured coverage must include bodily injury and property damage liability, and such coverage will be treated as excess coverage over any other valid and collectible insurance of any kind applicable to the property. No insurer, however, is required to pay damages for uninsured private pleasure watercraft coverage in excess of the limits of uninsured private pleasure watercraft provided by the policy. The requirement to offer any such insurance is limited, by this bill, to insurers offering policies and contracts of marine protection and indemnity insurance. The bill also stipulates that the term “uninsured private pleasure watercraft” does not include any watercraft owned by, furnished to, or available for the regular use of any insured, or owned by any governmental unit or agency. Additionally, the bill prescribes service of process when invoking the uninsured coverage provided by this statute.


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