|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|
|Effective Date:||August 28, 1996|
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