S 354 · 93th Congress · Automobile insurance

National No-Fault Motor Vehicle Insurance Act

Introduced 1973-01-12· Sponsored by Sen. Magnuson, Warren G. [D-WA]· Senate

Bill Progress

Introduced
Committee
Senate Vote
4
House
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1974-05-06)

Recorded Votes

PassedSenate · 1974-05-01
Yea 53Nay 42
PassedSenate · 1974-05-01
Yea 53Nay 42

Plain Language Summary

[AI summary unavailable — showing source text] National No-Fault Motor Vehicle Insurance Act - Title I: General Provisions - Sets forth definitions of terms used in the Act. Requires every owner of a motor vehicle in a State to continuously provide in accordance with this Act with respect to that motor vehicle, while it is either present or registered in the State, security for the payment of basic reparation benefits and security for the payment of tort liabilities arising from maintenance or use of the motor vehicle. Specifies that security may be provided by a contract of insurance or by qualifying as a self-insurer. Provides that the State commissioner of insurance shall establish or approve a plan assuring that liability insurance and basic and added reparation insurance for motor vehicles will be conveniently available to each applicant for insurance who holds a valid driver's license, is required to carry insurance under this Act, and cannot obtain insurance through ordinary methods at rates not in excess of those applicable to applicants under the plan. Permits the plan to be by assignment of applicants among insurers, pooling, or other joint insuring or reinsuring arrangement. Makes provisions for cancellation, refusal…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

3 Democrats1 Republican