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Motor vehicle insurance; underinsured motorist coverage; required notice. Revises the language of the notice required to be enclosed with all motor vehicle insurance policies issued, delivered, or renewed after July 1, 2026, in the Commonwealth. The bill requires such notice to provide that the insured may choose to change the way the insured's underinsured motorist coverage is calculated.
Introduced
Jan 7, 2025
Last Action
Mar 21, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0331)
Approved by Governor-Chapter 331 (Effective 07/01/25)
Fiscal Impact Statement from State Corporation Commission (SB1159)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on March 5, 2025
Signed by President
Bill text as passed Senate and House (SB1159ER)
Signed by Speaker
Enrolled
Read third time
Passed House (97-Y 0-N)
Read second time
Fiscal Impact Statement from State Corporation Commission (SB1159)
Reported from Labor and Commerce (22-Y 0-N)
Subcommittee recommends reporting (7-Y 0-N)
Assigned L & C sub: Subcommittee #1
Referred to Committee on Labor and Commerce
Read first time
Placed on Calendar
Read third time and passed Senate (38-Y 0-N)
Read second time
Reading of amendment waived
Printed as engrossed 25102814D-E
Engrossed by Senate as amended
Commerce and Labor Amendment agreed to
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Passed by for the day
Rules suspended
Reported from Commerce and Labor with amendment (15-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (SB1159)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; Offered 01-08-2025 25102814D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0331)
Mark D. Obenshain