Motor Vehicle Insurance Modernization Act of 2025

Introduced on 1/13/25

Version 1 Text

Summary

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From the Legislature

As introduced Bill 26-57 would increase the mandatory minimum motor vehicle insurance requirements for property damage liability and third-party liability coverage. It would require insurers to provide enhanced underinsured motor vehicle coverage under a passenger vehicle liability insurance policy. It would increase the mandatory minimum motor vehicle insurance requirements for property damage liability, third-party liability, underinsured motor vehicles. It would also enhance underinsured motor vehicle coverage by $5,000.

Sponsors

D
1
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Democratic CaucusRepublican Caucus