This bill amends the Code of West Virginia to require minimum mandatory underinsured motor vehicle insurance coverage that matches the minimum policy limits currently required for uninsured motor vehicle insurance coverage. Specifically, it introduces a new provision stating that, beginning January 1, 2026, "proof of financial responsibility" must include underinsurance coverage that allows insured individuals to recover damages from the owner or operator of an underinsured vehicle. The minimum coverage amounts specified are $25,000 for bodily injury or death of one person, $50,000 for bodily injury or death of two or more persons, and $25,000 for property damage.

Additionally, the bill modifies existing insurance policy requirements to ensure that all motor vehicle insurance policies include provisions for underinsured motorist coverage, aligning it with the existing uninsured motorist coverage. It also clarifies that insurers are not required to offer new uninsured and underinsured motor vehicle coverage upon renewal if the liability coverage is increased solely to meet the new minimum required financial responsibility limits. The bill aims to enhance financial protection for drivers in West Virginia by ensuring they have adequate coverage in the event of an accident involving underinsured motorists.

Statutes affected:
Introduced Version: 17D-4-2, 33-6-31