SB 0262 Revises laws regarding underinsured motor vehicle owners and operators
LR Number:S0645.01I Fiscal Note:0645-01
Committee:Insurance and Housing
Last Action:03/10/99 - Voted Do Not Pass S Insurance & Housing Committee Journal page:
Effective Date:August 28, 1999
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Current Bill Summary

SB 262 - This act requires that any motor vehicle insurance policy which provides underinsured coverage shall pay damages for bodily injury that the insured is legally entitled to recover from the underinsured operator or owner, up to the policy's limits. The limits shall not be reduced by any set-off. Consent of the insurer is not required to settle claims against the underinsured operator or owner, and the insurer has no right of subrogation.