SB 95: "An Act requiring offers of automobile liability insurance to include coverage for uninsured or underinsured motor vehicles with policy limits for that coverage equal to coverage voluntarily purchased for bodily injury or death; and providing for an effective date."
00SENATE BILL NO. 95 01 "An Act requiring offers of automobile liability insurance to include coverage for 02 uninsured or underinsured motor vehicles with policy limits for that coverage 03 equal to coverage voluntarily purchased for bodily injury or death; and providing 04 for an effective date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. AS 21.89.020(c) is repealed and reenacted to read: 07 (c) An insurer offering automobile liability insurance in this state for bodily 08 injury or death shall, at the time of initial purchase, offer coverage prescribed in 09 AS 28.20.440 and 28.20.445 or AS 28.22 for protection of the persons insured under the 10 policy who are legally entitled to recover damages for bodily injury or death from 11 owners or operators of uninsured or underinsured motor vehicles. Coverage required to 12 be offered under this subsection must include policy limits equal to the limit voluntarily 13 purchased to cover the insured's liability for bodily injury or death, but the policy limit 14 written may not be less than the policy limit in AS 28.20.440. In this subsection,
01 "underinsured motor vehicle" does not include an uninsured motor vehicle. 02 * Sec. 2. APPLICABILITY. This Act applies to a motor vehicle liability insurance policy 03 entered into or renewed on or after the effective date of this Act. 04 * Sec. 3. This Act takes effect July 1, 1995.