Amends TCA Title 55 and Title 56.
As introduced, increases from $15,000 to $25,000 the minimum amount of insurance coverage for property damage in any one accident that is required for a split-limit motor vehicle insurance policy to qualify as proof of financial security under the financial responsibility law for policies issued or renewed after December 31, 2019.
As introduced, increases from $15,000 to $25,000 the minimum amount of insurance coverage for property damage in any one accident that is required for a split-limit motor vehicle insurance policy to qualify as proof of financial security under the financial responsibility law for policies issued or renewed after December 31, 2019.
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Baum, Charlie
111th General Assembly
January 30, 2019
February 26, 2019
Failed in s/c Property & Casualty Subcommittee of Insurance Committee