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CS/HB 4011 — Motor Vehicle Insurance

by Insurance and Banking Subcommittee and Rep. Goodson (CS/CS/SB 234 by Judiciary Committee; Banking and Insurance Committee; and Senator Montford)

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Banking and Insurance Committee (BI)

The bill removes the limitation that no more than four automobiles may be insured on the same private passenger motor vehicle insurance policy. This would allow any number of automobiles to be insured under one private passenger motor vehicle insurance policy.

If approved by the Governor, these provisions take effect July 1, 2015.

Vote: Senate 36-0; House 117-0