The Vermont Legislature's House Commerce Committee isconsidering a bill, H 79 that would change the definition ofunderinsured motorist coverage.
The American Insurance Association urged the committee to rejectthe bill. “The Department of Banking, Insurance, Securities, andHealth Care Administration studied coverage issues raised by H 79in a report to the legislature dated Jan. 15, 2004,” said LauraKersey, AIA assistant vice president, northeast region. “Thedepartment concluded that this legislation was likely to result inan increase in automobile insurance premiums in Vermont.”
Under the terms of the current act, a vehicle is underinsured ifits personal injury limits of liability are less than the limits ofuninsured motorists coverage applicable to any injured partylegally entitled to recover damages.
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