Auto Insurance

2004 - 2005

During these legislative sessions, individual bills were presented to address several issues with the new tort system.

2004

Passed:

HB04-1008 Assignment of Auto Insurance Benefits
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Concerning assignment of benefits under a motor vehicle insurance policy

Allows a person who sustains an injury in a motor vehicle accident to assign the payment of the covered benefit to a health care provider. Sets out requirements of the assignment. Allows the injured person to revoke the assignment. Specifies and insurer's ability to determine whether the claim is within the scope of coverage. Also specifies that an insurer may contract with managed care arrangements with the purpose of a medical payment coverage policy.

HB04-1026 Minimum offer of Medical Payments
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Concerning the minimum amount of medical payment coverage that may be offered by an auto insurer.

Requires insurers offering medical payment coverage for the purposes of motor vehicle insurance to offer coverage amounts of $10,000 and $25,000, as well as any other amount deemed appropriate by the insurer.

2005

Passed:

HB05-1250 – Medical Payments Coverage Auto Insurance
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Requires insurers who offer medical payments coverage (MedPay) to provide at least $5,000 of coverage.

Did not pass:

HB05-1167 – Prepaid insurance coverage
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Would have allowed a person who is convicted of driving without insurance to use all but $100 of the fine to purchase 6 months' worth of insurance for a first offense or one year's worth of insurance for a second or subsequent offense within 5 years.

HB05-1150 – No Fault Motor Vehicle Insurance
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Would have re-instated no-fault insurance with different benefits than what no-fault insurance had prior to the change to tort.