This bill proposes amendments to the Code of West Virginia regarding the minimum liability insurance coverage requirements for motor vehicles. Specifically, it seeks to increase the minimum amounts of coverage that drivers must maintain. The new requirements stipulate that drivers must have proof of financial responsibility in the amount of $100,000 for bodily injury to or death of one person in an accident, $300,000 for bodily injury to or death of two or more persons in an accident, and $100,000 for injury to or destruction of property of others in an accident.

Additionally, the bill includes a provision that allows insurance policies in effect on December 31, 2026, to continue to meet the proof of financial responsibility requirements at the previous minimum amounts until those policies expire or are renewed. This transition aims to ensure that existing policyholders are not immediately burdened by the new requirements while still enhancing overall liability coverage standards in the state.

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