Nebraska LB1042 modifies the Uninsured and Underinsured Motorist Insurance Coverage Act by changing stacking of coverage provisions.

Nebraska LB1042 amends the Uninsured and Underinsured Motorist Insurance Coverage Act by altering how coverage limits are determined when multiple policies apply. It specifies that policies covering vehicles occupied by the injured person or related persons in the same household cannot be stacked. However, policies for different policyholders not residing in the same household can be stacked. The bill also outlines the order of priority for payment in case of multiple policies and repeals original sections to harmonize provisions.

Nebraska LB1042 modifies the Uninsured and Underinsured Motorist Insurance Coverage Act by changing stacking of coverage provisions.

Nebraska LB1042 amends the Uninsured and Underinsured Motorist Insurance Coverage Act by altering how coverage limits are determined when multiple policies apply. It specifies that policies covering vehicles occupied by the injured person or related persons in the same household cannot be stacked. However, policies for different policyholders not residing in the same household can be stacked. The bill also outlines the order of priority for payment in case of multiple policies and repeals original sections to harmonize provisions.