HB 2621 - DIGEST

     Directs the commissioner, in consultation with insurers authorized to write motor vehicle liability insurance in this state, to establish an assigned risk plan to assist low-income persons obtain the mandatory minimum motor vehicle liability insurance coverage.  The purpose of the plan is to enable low-income persons to avoid breaking the law because they cannot afford the mandatory motor vehicle liability insurance but must drive to work, to take their children to health care providers, and to conduct other necessary errands.

     Provides that, of the premium taxes collected under RCW 48.14.020, beginning in 1998, the state treasurer shall deposit 98.5 percent of the amount collected in the general fund and 1.5 percent in the mandatory vehicle liability insurance assistance account created in this act.

     Expires December 31, 2002.

     Makes an appropriation of two million six hundred thousand dollars from the account created under this act to the office of the insurance commissioner for the purposes of the assigned risk plan created under RCW 48.22.020(2).