House File 2340 - Introduced



                                       HOUSE FILE       
                                       BY  ANDERSON


    Passed House, Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act increasing the minimum amount of money necessary to prove
  2    financial responsibility for motor vehicle accidents.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 6126HH 81
  5 av/gg/14

PAG LIN



  1  1    Section 1.  Section 321A.1, subsection 11, Code Supplement
  1  2 2005, is amended to read as follows:
  1  3    11.  PROOF OF FINANCIAL RESPONSIBILITY.  Proof of ability
  1  4 to respond in damages for liability, on account of accidents
  1  5 occurring subsequent to the effective date of the proof,
  1  6 arising out of the ownership, maintenance, or use of a motor
  1  7 vehicle, in amounts as follows:  With respect to accidents
  1  8 occurring on or after January 1, 1981, and prior to January 1,
  1  9 1983, the amount of fifteen thousand dollars because of bodily
  1 10 injury to or death of one person in any one accident, and,
  1 11 subject to the limit for one person, the amount of thirty
  1 12 thousand dollars because of bodily injury to or death of two
  1 13 or more persons in any one accident, and the amount of ten
  1 14 thousand dollars because of injury to or destruction of
  1 15 property of others in any one accident; and with respect to
  1 16 accidents occurring on or after January 1, 1983 2007, the
  1 17 amount of twenty one hundred thousand dollars because of
  1 18 bodily injury to or death of one person in any one accident,
  1 19 and, subject to the limit for one person, the amount of forty
  1 20 thousand dollars because of bodily injury to or death of two
  1 21 or more persons in any one accident, and the amount of fifteen
  1 22 thousand dollars because of injury to or destruction of
  1 23 property of others in any one accident.
  1 24                           EXPLANATION
  1 25    This bill raises the amount necessary to show proof of
  1 26 financial responsibility for liability arising out of the
  1 27 ownership, maintenance, or use of a motor vehicle to $100,000
  1 28 for damages because of bodily injury to or death of one or
  1 29 more persons and destruction of property of others occurring
  1 30 in any one motor vehicle accident.
  1 31    Currently, proof of such financial responsibility requires
  1 32 the amount of $20,000 because of bodily injury to or death of
  1 33 one person in any one accident, and subject to the limit for
  1 34 one person, the amount of $40,000 because of bodily injury to
  1 35 or death of two or more persons in any one accident, and the
  2  1 amount of $15,000 because of injury to or destruction of
  2  2 property of others in any one accident.
  2  3 LSB 6126HH 81
  2  4 av:nh/gg/14