This bill revises existing laws regarding uninsured motor vehicle liability insurance to include provisions for underinsured motor vehicle liability insurance. It mandates that motor vehicle liability policies must provide coverage for both uninsured and underinsured motorists, ensuring that individuals who are legally entitled to recover damages from these vehicles are protected. The bill also clarifies that the named insured has the right to reject this coverage, and if they do so, it need not be included in renewal policies unless requested in writing. Additionally, definitions for "underinsured motor vehicle" and "uninsured motor vehicle" are provided to clarify the distinctions between the two types of coverage.

Furthermore, the bill amends the insurance requirements for transportation network carriers, stipulating that their drivers must maintain primary motor vehicle liability insurance that includes both uninsured and underinsured motorist coverage. The required coverage amounts are specified for different scenarios, such as when the driver is logged onto the network or engaged in a prearranged ride. The bill ensures that the insurance coverage is not contingent on the denial of claims by personal motor vehicle liability insurers, thereby streamlining the claims process for drivers involved in accidents while using their vehicles for transportation network services.

Statutes affected:
LC Text: 33-23-201, 69-12-343
SB0290_1(1): 33-23-201, 69-12-343
SB0290_1: 33-23-201, 69-12-343