|Introduced in House||Passed House||Introduced in Senate||Passed Senate||Became Law|
Motor vehicles; liability insurance coverage limits.
Increases the minimum motor vehicle liability insurance coverage amounts from $25,000 to $100,000 in cases of bodily injury to or death of one person, from $50,000 to $200,000 in cases of bodily injury to or death of more than one person in any one accident, and from $20,000 to $40,000 for property damage coverage.
Be it enacted by the General Assembly of Virginia:
� 46.2-419. When judgment satisfied.
A. Every judgment for damages in any motor vehicle accident referred to in this chapter shall, for the purpose of this chapter, be satisfied:
1. When paid in full or when
$25,000 [ �$100,000
2. When, subject to the limit of
$25,000 [ �$100,000 $50,000 [ $200,000 $70,000 ] has been credited upon any
judgment or judgments rendered in excess of that amount because of bodily
injury to or death of two or more persons as the result of any one accident;
3. When the judgment has been paid in full or when
$40,000 has been credited upon any judgment or judgments rendered in excess
of that amount because of injury to or destruction of property of others as a
result of any one accident; or
4. When the judgment has been discharged in bankruptcy.
B. Payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle accident shall be credited in reduction of the amount provided in this section.
� 46.2-472. Coverage of owners policy.
Every motor vehicle owners policy shall:
1. Designate by explicit description or by appropriate reference, all motor vehicles with respect to which coverage is intended to be granted.
2. Insure as insured the person named and any other person using or responsible for the use of the motor vehicle or motor vehicles with the permission of the named insured.
3. Insure the insured or other person against loss from any
liability imposed by law for damages, including damages for care and loss of
services, because of bodily injury to or death of any person, and injury to or
destruction of property caused by accident and arising out of the ownership,
use, or operation of such motor vehicle or motor vehicles within the
Commonwealth, any other state in the United States, or Canada, subject to a
limit exclusive of interest and costs, with respect to each motor vehicle, of
$25,000 [ $100,000 $35,000
] because of bodily injury to or death of one person in any one accident and,
subject to the limit for one person, to a limit of $50,000 [ $200,000 $70,000 ] because of bodily injury to or death of two or more
persons in any one accident, and to a limit of $20,000 $40,000
because of injury to or destruction of property of others in any one accident.
[ 2. That the provisions of this act shall become effective on January 1, 2021. ]
|01/30/2020||Senate||Senate: Reported from Transportation with amendments (10-Y 5-N)|
|01/07/2020||Senate||Senate: Prefiled and ordered printed; offered 01/08/20 20100914D|
|01/07/2020||Senate||Senate: Referred to Committee on Transportation|