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HOUSE BILL 825 (Chapter 441) – Vehicle Laws – Required Security – Minimum Amounts

Increases the minimum motor vehicle liability coverage limits from $20,000 for any one person and $40,000 for two or more persons to $30,000 and $60,000, respectively.

 

Effective Date: January 1, 2011


HOUSE BILL 854 (Chapter 92) / SENATE BILL 647 (Chapter 91) – Homeowner’s, Farmowner’s, and Dwelling Insurance Policies – Claims for Additional Payments

     

     

    1. Requires each policy of homeowner’s, farmowner’s, or dwelling insurance issued in the State with replacement cost coverage to allow an insured to file a claim for the additional replacement cost benefits for not less than two years after the date of loss; and
    2. Authorizes an insurer to require an insured to notify the insurer within 180 days after the date of loss of the insured’s intent to repair or replace the dwelling or personal property.

     

     

    Effective Date: January 1, 2011

    Posted 12:07 PM  View Comments

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