The bill amends the Revised Code to require that all motor vehicle insurance policies in Ohio include uninsured motorist coverage, which was previously optional. It also allows for underinsured motorist coverage to be included but does not mandate it. The legislation updates definitions and conditions related to uninsured and underinsured motorist coverage, ensuring that policies cannot exclude certain individuals from being classified as uninsured motorists. Additionally, the bill increases the minimum auto liability insurance requirements for bodily injury or death, raising the limits to $50,000 for one person and $100,000 for multiple persons in an accident, up from the previous limits of $25,000 and $50,000, respectively.

Moreover, the bill repeals existing sections 3937.18, 4509.01, 4509.20, and 4509.51 of the Revised Code, which may contain outdated provisions being replaced by the new requirements. The changes aim to enhance financial protection for individuals involved in motor vehicle accidents and ensure that insurance policies comply with updated standards for coverage. Overall, the legislation seeks to improve the safety net for Ohio drivers by ensuring adequate insurance coverage in the event of accidents involving uninsured or underinsured motorists.

Statutes affected:
As Introduced: 3937.18, 4509.01, 4509.20, 4509.51