HF 2084: Relating to the minimum amounts required for motor vehicle financial responsibility, and making penalties applicable

What it does

This bill increases the minimum amounts of coverage required for motor vehicle financial responsibility for bodily injury or death of one person ($20,000 to $50,000), bodily injury or death of two or more persons ($40,000 to $100,000), and property damage ($15,000 to $25,000). Such amounts match the requirements under current law for transportation network company drivers (Code chapter 321N). The bill makes corresponding changes to provisions regarding associated policies, bonds, and judgments. A person who violates a provision of Code chapter 321A which does not otherwise provide a penalty commits a serious misdemeanor, punishable by confinement for no more than one year and a fine of at least $430 but not more than $2,560.

House subcommittee · named January 23, 2024

• Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
• Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
• Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov

Lobbying · 2 for, 5 against

For: Iowa Association for Justice; Iowa State Bar Association

Against: American Property Casualty Insurance Association (APCIA); Iowa Insurance Associates; Iowa Insurance Institute; National Association of Mutual Insurance Companies (NAMIC); State Farm Insurance

In plain words

1. January 22, 2024Filed in the House and sent to the Commerce committee
2. January 23, 2024House subcommittee named: Lohse, Bloomingdale and Jacoby
3. January 31, 2024Subcommittee recommended passing it