HB 194

Abstract

This Act decreases the minimum amount of insurance to be required by taxicab drivers. SB 209, as amended, from the 151st General Assembly increased the required minimum insurance for all public carriers to $1,000,000 for death, bodily injury, and property damages and $1,000,000 for uninsured and underinsured insurance. HB 194 lowers the minimum amount of insurance required by taxicabs issued a medallion to $100,000 for death and bodily injury, $50,000 for property damages, and $300,000 for uninsured and underinsured insurance. House Substitute 1 for HB 194 clarifies that the lower minimum insurance requirements only apply to taxicab owners or businesses that operate no more than 2 registered vehicles. It also changes the minimum insurance required by small taxicab companies to the following: 1. Liability insurance: $250,000 for bodily injury per person, $500,000 for bodily injury per accident, and $100,000 for property damage; 2. Uninsured and underinsured insurance: $100,000 for bodily injury per person, $300,000 for bodily injury per accident, and $50,000 for property damage; and 3. Personal injury protection: $15,000 per person and $30,000 per incident. This change is designed to address the dramatic decrease in taxis operating in Delaware, while requiring an appropriate level of liability coverage.