SB 0754 Tightens Insurance Requirements for Motor Vehicles
LR Number:S2916.02C Fiscal Note:2916-02
Committee:Insurance and Housing
Last Action:05/28/96 - S Inf Calendar S Bills for Perfection w/SCS
Title:SCS/SB 754
Effective Date:August 28, 1996
Full Bill Text | All Actions | Senate Home Page | List of 1996 Senate Bills
Current Bill Summary

SCS/SB 754 - This act makes several changes to the requirements for motor vehicle financial responsibility. It requires peace officers to check for insurance ID cards when stopping motorists. Insurance requirements are applied to unregistered vehicles.

EVIDENCE OF INSURANCE - Evidence of insurance is required for vehicle registration, and notice must be made of this requirement in bold, colored print. A declaration must be made at the time of registration that financial responsibility will be maintained. Commercial motor carriers registered with the Highway Reciprocity Commission and the Division of Transportation are exempted from showing financial responsibility.

OTHER - Language is added to clarify the time of suspension when two different suspensions apply. Reinstatement fees are reduced to $20. Installment agreements for the repayment of damages shall be enforced for five years instead of just one year. The Department of Revenue is given 120 days for decisions after hearings.