00                       CS FOR HOUSE BILL NO. 67(L&C)                                                                     
01 "An Act relating to motor vehicle liability insurance for taxicabs."                                                    
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  AS 28.20.440(b) is amended to read:                                                                  
04            (b)  The owner's policy of liability insurance must                                                          
05                 (1)  designate by description or appropriate reference all vehicles that it                             
06       covers;                                                                                                           
07                 (2)  except as required under AS 28.22.101(g), insure the person                                    
08       named and every other person using the vehicle with the express or implied                                        
09       permission of the named insured, against loss from the liability imposed by law for                               
10       damages arising out of the ownership, maintenance, or use of the vehicle within the                               
11       United States or Canada, subject to limits exclusive of interest and costs, with respect                          
12       to each vehicle, as follows: $50,000 because of bodily injury to or death of one person                           
13       in any one accident, and, subject to the same limit for one person, $100,000 because of                           
14       bodily injury to or death of two or more persons in any one accident, and $25,000                                 
15       because of injury to or destruction of property of others in any one accident;                                    
01                 (3)  contain coverage in not less than the amounts set out in (2) of this                               
02       subsection for the protection of the persons insured under the policy who are legally                             
03       entitled to recover damages from owners or operators of uninsured or underinsured                                 
04       motor vehicles because of bodily injury or death, or damage to or destruction of                                  
05       property arising out of the ownership, maintenance, or use of the uninsured or                                
06       underinsured motor vehicle; this coverage must comply with the provisions of                                      
07       AS 28.20.445.                                                                                                     
08    * Sec. 2.  AS 28.22.101(d) is amended to read:                                                                     
09            (d)  Except as provided under (g) of this section, a [A] motor vehicle                                   
10       liability policy must provide coverage in the United States or Canada, subject to limits                          
11       exclusive of interest and costs, with respect to each vehicle, as follows:                                        
12                 (1)  $50,000 because of bodily injury to or death of one person in one                                  
13       accident, and, subject to the same limit for one person, $100,000 because of bodily                               
14       injury to or death of two or more persons in one accident; and                                                    
15                 (2)  $25,000 because of injury to or destruction of property of others in                               
16       one accident.                                                                                                     
17    * Sec. 3.  AS 28.22.101 is amended by adding a new subsection to read:                                             
18            (g)  A motor vehicle liability policy that covers a taxicab must provide                                     
19       coverage in the United States or Canada, subject to limits exclusive of interest and                              
20       costs, with respect to each vehicle, as follows:                                                                  
21                 (1)  $300,000 because of bodily injury to or death of one person in one                                 
22       accident, and, subject to the same limit for one person, $500,000 because of bodily                               
23       injury to or death of two or more persons in one accident; and                                                    
24                 (2)  $100,000 because of injury to or destruction of property of others                                 
25       in one accident.