AN ACT RELATING TO INSURANCE -- LIABILITY INSURANCE

HB 7863 requires all auto insurance policies issued or renewed in the state after January 1, 2027, to include mandatory uninsured motorist coverage for bodily injury or death, with minimum limits set by law. This directly affects drivers purchasing auto insurance, as insurers must provide this coverage unless the policyholder formally declines it in writing (with specific exceptions for minimum coverage policies). The bill mandates coverage limits equal to the policyholder's bodily injury liability limits, prohibits reducing these limits below statutory minimums without proper disclosure, and clarifies that coverage also applies to underinsured motorists. It does not require mandatory property damage coverage for uninsured vehicles, though property damage claims would have a $200 deductible.