HR 15789 · 93th Congress · Insurance
National No-Fault Motor Vehicle Insurance Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Interstate and Foreign Commerce.(1974-07-03)
Plain Language Summary
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National No-Fault Motor Vehicle Insurance Act - Title I: General Provisions - States that every owner of a motor vehicle which is registered in a State in which a State no-fault plan for motor vehicle insurance in accordance with this Act is in effect, or which is operated in such State by the owner or with his permission, shall continuously provide security covering such motor vehicle while such vehicle is either present or registered in such State. Requires the commissioner of insurance for each State to establish and implement or approve and supervise a plan assuring that any required no-fault benefits and tort liability coverages for motor vehicles will be conveniently and expeditiously available, subject only to payment or provisions for payment of the premium, to each individual who cannot conveniently obtain insurance through ordinary methods at rates not in excess of those applicable to similarly situated individuals under the plan. Requires that all insurers writing no-fault benefits and tort liability coverages in a State shall participate in the plan in such State. States that, subject to the supervision and approval of the commissioner, insurers may consult and agree wi…
Summarized by Claude AI · Non-partisan · For informational purposes only