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1999 SESSION
HB 415 Underinsured motor vehicle coverage.
Introduced by: A. Donald McEachin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Insurance; underinsured motor vehicle 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.
FULL TEXT
HISTORY
- 01/15/98 House: Presented & ordered printed 983170351
- 01/15/98 House: Referred to Committee on Corporations, Insurance and Banking
- 01/22/98 House: Assigned to C. I. B. sub-committee: 3
- 02/14/98 House: Continued to 1999 in C. I. B. (17-Y 8-N)
- 12/15/98 House: No action taken by Corporations, Insurance and Banking by voice vote