Text: HSB00634 Text: HSB00636 Text: HSB00600 - HSB00699 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 516A.1, Code 1999, is amended to read 1 2 as follows: 1 3 516A.1 COVERAGE INCLUDED IN EVERY LIABILITY POLICY – 1 4 REJECTION BY INSURED. 1 5 1. a.NoAn automobile liability or motor vehicle 1 6 liability insurance policy insuring against liability for 1 7 bodily injury or death arising out of the ownership, 1 8 maintenance, or use of a motor vehicle shall not be delivered 1 9 or issued for delivery in this state with respect to any motor 1 10 vehicle registered or principally garaged in this state, 1 11 unless coverage is provided insuchthe policy or a 1 12 supplementalthereto, for the protection of persons insured 1 13 undersuchthe policy who are legally entitled to recover 1 14 damages from the owner or operator of an uninsured motor 1 15 vehicle or a hit-and-run motor vehicle or an underinsured 1 16 motor vehicle because of bodily injury, sickness, or disease, 1 17 including a resulting deathresulting therefrom, caused by 1 18 accident and arising out of the ownership, maintenance, or use 1 19 of such uninsured or underinsured motor vehicle, or arising 1 20 out of physical contact ofsuchthe hit-and-run motor vehicle 1 21 with the person insured or with a motor vehicle which the 1 22 person insured is occupying at the time of the accident. 1 23 b. Both the uninsured motor vehicle or hit-and-run motor 1 24 vehicle coverage, and the underinsured motor vehicle coverage 1 25 shall include limits for bodily injury or death at least equal 1 26 to those stated in section 321A.1, subsection 10. 1 27 c. The form and provisions of such coverage shall be 1 28 examined and approved by the commissioner of insurance. 1 29 2. a.However, theThe named insured may reject allof1 30suchcoverage required under subsection 1, or reject the 1 31 uninsured motor vehicle (hit-and-run motor vehicle) coverage, 1 32 or reject the underinsured motor vehicle coverage, by written 1 33 rejections signed by the named insured. If rejection is made 1 34 on aform ordocument furnished by an insurance company or 1 35 insurance agent, it shall be on a separatesheet of paper2 1 document which contains only the rejection and information 2 2 directly related to it. The named insured may, but shall not 2 3 be required to, consent to receive such document either on 2 4 paper or electronically. The named insured may also reject 2 5 coverage pursuant to this subsection by either written or 2 6 electronic means. This paragraph shall not be construed to 2 7 require any party to use or accept electronic documents or 2 8 electronic signatures. 2 9 b.Such coverageCoverage required under subsection 1 need 2 10 not be provided in or supplemental to a renewal policy if the 2 11 named insured has rejected the coverage in connection with a 2 12 policy previously issued to the named insured by the same 2 13 insurer. 2 14 EXPLANATION 2 15 This bill amends Code section 516A.1 relating to insurance 2 16 coverage against uninsured, underinsured, or hit-and-run 2 17 motorists. The bill permits parties to the insurance contract 2 18 to transmit any rejections of such coverage electronically, 2 19 but specifies that a party to the contract is not required to 2 20 use or accept electronic documents or electronic signatures. 2 21 The bill also makes some technical changes and divides the 2 22 current section into subsections and paragraphs. 2 23 LSB 6534HC 78 2 24 jj/cf/24
Text: HSB00634 Text: HSB00636 Text: HSB00600 - HSB00699 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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