1871 AMH FII GAVI 3 wens

HB 1871 - H COMM AMD

By Committee on Financial Institutions & Insurance

     On page 3, strike lines 3 through 12 and insert the following:

A(b) The policy may include options under the policy coverage described in this section to provide that:

(i) The covered person may accept benefits under the policy without exhausting the available liability insurance; or

(ii) The covered person must first exhaust the available liability insurance of the owners and operators whose fault is the basis for the covered person's claim to the extent that:

(A) The owners or operators have applicable liability insurance; and

(B) The covered person is legally entitled to recover from the owners or operators whose fault is the basis for the covered person's claim.@

EFFECT: Allows insurers to offer policyholders a choice of UIM coverage: one that requires exhaustion and one that does not require exhaustion.