Utah HB0119 amends motor vehicle liability coverage policies to include specific coverages and restrictions.

Utah HB0119 amends motor vehicle liability coverage policies to include coverage of the difference in market value from before and after a motor vehicle accident, if the insured purchases coverage. It also provides that coverage for a motor vehicle accident may not be stepped down under certain circumstances. The bill grants the Insurance Department rulemaking authority to establish a formula to determine the coverage of the difference in market value.

Utah HB0119 amends motor vehicle liability coverage policies to include specific coverages and restrictions.

Utah HB0119 amends motor vehicle liability coverage policies to include coverage of the difference in market value from before and after a motor vehicle accident, if the insured purchases coverage. It also provides that coverage for a motor vehicle accident may not be stepped down under certain circumstances. The bill grants the Insurance Department rulemaking authority to establish a formula to determine the coverage of the difference in market value.