This bill amends the Code of West Virginia to increase the mandatory insurance coverage limits required for proof of financial responsibility related to motor vehicles. Specifically, it raises the minimum coverage amounts from $20,000 to $25,000 for bodily injury or death of one person, from $40,000 to $50,000 for bodily injury or death of two or more persons, and from $10,000 to $25,000 for property damage in any one accident. Additionally, starting January 1, 2026, the coverage limits will further increase to $50,000 for bodily injury or death of one person, $100,000 for bodily injury or death of two or more persons, and $50,000 for property damage.

The bill also includes a provision that allows insurance policies in effect on December 31, 2025, which meet the previous minimum coverage amounts, to continue to provide adequate proof of financial responsibility until the policy expires or is renewed. This transition period ensures that existing policies remain valid while the new coverage limits are implemented. Overall, the purpose of this legislation is to enhance the financial responsibility requirements for motor vehicle operators in West Virginia.

Statutes affected:
Introduced Version: 17D-4-2