2015 Senate Bill 288

Authorize alternative “low cost” car insurance

Introduced in the Senate

April 22, 2015

Introduced by Sen. Virgil Smith (D-4)

To authorize an alternative type of “low cost” auto insurance policy for car owners with incomes below 300 percent of the federal poverty rate and a good driving record. The coverage would be exempt from the regular no fault insurance coverage mandate of unlimited personal injury protection (PIP) benefits for injuries and instead offer a maximum benefit of $50,000.

Referred to the Committee on Insurance

June 9, 2015

Reported without amendment

With the recommendation that the substitute (S-3) be adopted and that the bill then pass.