HOUSE FILE 2039

BY  VAN ENGELENHOVEN

A BILL FOR

An Act increasing the amount required to prove financial responsibility for liability arising out of the ownership, maintenance, or use of a motor vehicle.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 321A.1, subsection 11, Code 2011, is amended to read as follows:
   11.  Proof of financial responsibility.  Proof of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in amounts as follows:  With respect to accidents occurring on or after January 1, 1981, and prior to January 1, 1983, the amount of fifteen thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, the amount of thirty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and the amount of ten thousand dollars because of injury to or destruction of property of others in any one accident; and with respect to accidents occurring on or after January 1, 1983
 
2013, the amount of twenty
 
thirty thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, the amount of forty
 
sixty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and the amount of fifteen
 
twenty-two thousand
 
five hundred dollars because of injury to or destruction of property of others in any one accident.
EXPLANATION
   This bill increases the amounts necessary to provide proof of financial responsibility to respond in damages for liability arising out of the ownership, maintenance, or use of a motor vehicle by 50 percent. The bill is applicable to motor vehicle accidents occurring on or after January 1, 2013.