AN ACT RELATING TO INSURANCE -- LIABILITY INSURANCE

This bill requires insurance companies to include mandatory uninsured motorist coverage for drivers in the state, ensuring that policyholders can claim damages from at-fault drivers who lack insurance or have insufficient coverage. The law mandates that this bodily injury protection matches the driver's existing liability limits, though owners may opt out for property damage coverage or choose lower limits after signing a specific warning notice. Effective January 1, 2025, the changes apply to all new and renewed auto policies, including provisions for handling claims against insolvent carriers and allowing recovery of multiple premiums paid for the same coverage. Additionally, the bill clarifies that "uninsured motorist" includes underinsured drivers and establishes rules for deductibles and subrogation rights when insurers collect money from third parties.