Increases minimum motor vehicle financial responsibility coverage amounts.

This bill raises the minimum coverage amounts required for motor vehicle financial responsibility in Iowa. It increases the coverage for bodily injury or death of one person from $20,000 to $50,000, for bodily injury or death of two or more persons from $40,000 to $100,000, and for property damage from $15,000 to $25,000. These new amounts match the requirements for transportation network company drivers. The bill also adjusts related provisions regarding policies, bonds, and judgments. Violating these provisions is a serious misdemeanor, with fines up to $2,560.

Increases minimum motor vehicle financial responsibility coverage amounts.

This bill raises the minimum coverage amounts required for motor vehicle financial responsibility in Iowa. It increases the coverage for bodily injury or death of one person from $20,000 to $50,000, for bodily injury or death of two or more persons from $40,000 to $100,000, and for property damage from $15,000 to $25,000. These new amounts match the requirements for transportation network company drivers. The bill also adjusts related provisions regarding policies, bonds, and judgments. Violating these provisions is a serious misdemeanor, with fines up to $2,560.