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House Bill 1572 |
House Author: Taylor |
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Effective: 9-1-05 |
Senate Sponsor: Fraser |
House Bill 1572 amends the Insurance Code to establish that an insurer that brings suit or takes certain other action against a responsible third party relating to a loss that is covered under a private passenger automobile insurance policy by a state-regulated insurer and for which the third party is uninsured is entitled to recover, in addition to payments made by the insurer or insured, the costs of bringing the suit or taking the action, including reasonable attorney's fees and court costs. The bill also establishes that an insurer offering motor vehicle liability insurance that provides personal injury protection, including a county mutual insurance company, has a right of subrogation and a claim against a person causing or contributing to a motor vehicle accident if, on the date of the loss, financial responsibility has not been established for a motor vehicle involved in the accident and operated by the person.