AN ACT RELATING TO INSURANCE -- MOTOR VEHICLE INSURANCE -- MANDATORY ARBITRATION PROVISION

HB 5932 raises the threshold for mandatory arbitration in motor vehicle liability claims from $50,000 to $100,000. This means drivers or passengers filing claims for $100,000 or less can now choose to go directly to court instead of being required to use arbitration. The bill maintains existing arbitration procedures for larger claims, including rules for selecting arbitrators, hearing processes, and the option to request a jury trial within 60 days. It directly affects individuals involved in minor auto accident claims under $100,000 who previously would have faced mandatory arbitration. The change aims to streamline the claims process for lower-value cases without altering other insurance requirements.