By: Averitt  S.B. No. 502
         (In the Senate - Filed February 7, 2007; February 21, 2007,
  read first time and referred to Committee on Business and Commerce;
  March 26, 2007, reported adversely, with favorable Committee
  Substitute by the following vote:  Yeas 9, Nays 0; March 26, 2007,
  sent to printer.)
 
  COMMITTEE SUBSTITUTE FOR S.B. No. 502 By:  Estes
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to minimum insurance coverage amounts to establish
  evidence of financial responsibility under the Texas Motor Vehicle
  Safety Responsibility Act.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 601.072, Transportation Code, is amended
  to read as follows:
         Sec. 601.072.  MINIMUM COVERAGE AMOUNTS; EXCLUSIONS.
  (a)  Effective January 1, 2008, the [The] minimum amounts of motor
  vehicle liability insurance coverage required to establish
  financial responsibility under this chapter are:
               (1)  $25,000 [$20,000] for bodily injury to or death of
  one person in one accident;
               (2)  $50,000 [$40,000] for bodily injury to or death of
  two or more persons in one accident, subject to the amount provided
  by Subdivision (1) for bodily injury to or death of one of the
  persons; and
               (3)  $25,000 [$15,000] for damage to or destruction of
  property of others in one accident.
         (a-1)  Effective January 1, 2011, the minimum amounts of
  motor vehicle liability insurance coverage required to establish
  financial responsibility under this chapter are:
               (1)  $30,000 for bodily injury to or death of one person
  in one accident;
               (2)  $60,000 for bodily injury to or death of two or
  more persons in one accident, subject to the amount provided by
  Subdivision (1) for bodily injury to or death of one of the persons;
  and
               (3)  $25,000 for damage to or destruction of property
  of others in one accident.
         (b)  The coverage required under this section [Subsection
  (a)] may exclude, with respect to one accident:
               (1)  the first $250 of liability for bodily injury to or
  death of one person;
               (2)  the first $500 of liability for bodily injury to or
  death of two or more persons, subject to the amount provided by
  Subdivision (1) for bodily injury to or death of one of the persons;
  and
               (3)  the first $250 of liability for property damage to
  or destruction of property of others.
         (c)  Subsection (a) and this subsection expire December 31,
  2010.
         SECTION 2.  This Act applies only to a motor vehicle
  liability insurance policy that is delivered, issued for delivery,
  or renewed on or after January 1, 2008. A policy delivered, issued
  for delivery, or renewed before January 1, 2008, is governed by the
  law as it existed immediately before the effective date of this Act,
  and that law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2007.
 
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