S.F. No. 164 - No Fault Auto Insurance Inflation Adjustments
Author:	Senator Dallas C. Sams
Prepared by:	Matthew S. Grosser, Senate Research (296-1890)
Date:	February 14, 2003

• Basic Economic Loss Benefit increased from $40,000 to $94,300.

• Medical Expense Loss Benefit increased from $20,000 to $62,900 per person.

• Income, Replacement Services, Funeral Expense, and Survivor's Loss Benefit Total increased from $20,000 to $31,400. That total represents the following benefit increases:

Lost Income weekly benefit increased from $250 to $600.

Funeral and Burial Expense benefit increased from $2,000 to $3,900

Survivor's Economic Loss weekly benefit increased from $200 to $300

Survivor's Replacement Services weekly benefit increased from $200 to $600

• Rehabilitation expense minimum liability increased from $1,000 to $3,100.

• Per person Personal Injury liability limit increased from $30,000 to $78,600.

• Property Liability increased from $10,000 to $31,400.

• Uninsured/Underinsured Motorist minimum coverage limit increased from $25,000 to $78,600.

• Limitation of Noneconomic Damages increased from $4,000 to $6,200.

• •Mandatory Binding Arbitration limit increased from $10,000 to $15,000.

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