14,18m
Section 18m. 632.32 (4) (a) 1. of the statutes is amended to read:
632.32 (4) (a) 1. Excluding a policy written by a town mutual organized under ch. 612, uninsured motorist coverage, in limits of at least $100,000 $25,000 per person and $300,000 $50,000 per accident.
14,19m
Section 19m. 632.32 (4) (a) 2m. of the statutes is repealed.
14,20c
Section 20c. 632.32 (4) (a) 3m. of the statutes is renumbered 632.32 (4) (a) 2. and amended to read:
632.32 (4) (a) 2. Medical payments coverage, in the amount of at least $10,000 $1,000 per person. Coverage written under this subdivision may be excess coverage over any other source of reimbursement to which the insured person has a legal right.
14,20m
Section 20m. 632.32 (4) (bc) of the statutes is amended to read:
632.32 (4) (bc) Notwithstanding par. (a) 3m. 2., the named insured may reject medical payments coverage. If the named insured rejects the coverage, the coverage need not be provided in a subsequent renewal policy issued by the same insurer unless the insured requests it in writing.
14,21c
Section 21c. 632.32 (4) (d) of the statutes is amended to read:
632.32 (4) (d) This subsection does not apply to commercial liability policies or umbrella or excess liability policies, which are subject to sub. (4r).
14,21m
Section 21m. 632.32 (4m) of the statutes is created to read:
632.32 (4m) Underinsured motorist coverage. (a) Except as provided in par. (e), an insurer writing policies that insure with respect to a motor vehicle registered or principally garaged in this state against loss resulting from liability imposed by law for bodily injury or death suffered by a person arising out of the ownership, maintenance, or use of a motor vehicle shall provide to one insured under each such insurance policy that goes into effect after the effective date of this paragraph .... [LRB inserts date], that is written by the insurer and that does not include underinsured motorist coverage written notice of the availability of underinsured motorist coverage, including a brief description of the coverage. An insurer is required to provide the notice required under this paragraph only one time and in conjunction with the delivery of the policy.
(b) Acceptance or rejection of underinsured motorist coverage by a person after being notified under par. (a) need not be in writing. The absence of a premium payment for underinsured motorist coverage is conclusive proof that the person has rejected such coverage. The rejection of such coverage by the person notified under par. (a) shall apply to all persons insured under the policy, including any renewal of the policy.
(c) If a person rejects underinsured motorist coverage after being notified under par. (a), the insurer is not required to provide such coverage under a policy that is renewed to the person by that insurer unless an insured under the policy subsequently requests such underinsured motorist coverage in writing.
(d) If an insured accepts underinsured motorist coverage, the insurer shall include the coverage in limits of at least $50,000 per person and $100,000 per accident.
(e) This subsection does not apply to commercial liability policies or umbrella or excess liability policies.
14,22
Section
22. 632.32 (4r) of the statutes is repealed.
14,23
Section
23. 632.32 (6) (d) of the statutes is renumbered 632.32 (5) (f) and amended to read:
632.32 (5) (f) No A policy may provide that, regardless of the number of policies involved, vehicles involved, persons covered, claims made, vehicles or premiums shown on the policy, or premiums paid, the limits for any uninsured motorist coverage or underinsured motorist coverage under the policy may not be added to the limits for similar coverage applying to other motor vehicles to determine the limit of insurance coverage available for bodily injury or death suffered by a person in any one accident, except that a policy may limit the number of motor vehicles for which the limits for coverage may be added to 3 vehicles.
14,24
Section
24. 632.32 (6) (e) of the statutes is renumbered 632.32 (5) (g) and amended to read:
632.32 (5) (g) No A policy may provide that the maximum amount of uninsured motorist coverage or, underinsured motorist coverage, or medical payments coverage available for bodily injury or death suffered by a person who was not using a motor vehicle at the time of an accident is any the highest single limit of uninsured motorist coverage or, underinsured motorist coverage, or medical payments coverage, whichever is applicable, for any motor vehicle with respect to which the person is insured, except that a policy may limit the number of motor vehicles for which coverage limits may be added to 3 vehicles.
14,25
Section
25. 632.32 (6) (f) of the statutes is repealed.
14,26
Section
26. 632.32 (6) (g) of the statutes is renumbered 632.32 (5) (i), and 632.32 (5) (i) (intro.), as renumbered, is amended to read:
632.32 (5) (i) (intro.) No A policy may provide that the limits under the policy for uninsured motorist coverage or underinsured motorist coverage for bodily injury or death resulting from any one accident shall be reduced by any of the following that apply:
14,27
Section
27. 632.355 of the statutes is repealed.
14,28
Section
28
.
Initial applicability.
(1) Limits and miscellaneous changes. The treatment of sections 121.555 (2) (a), 344.01 (2) (am) and (d), 344.11, 344.15 (1) (intro.), (a), and (b), 344.55 (1) (intro.), 631.43 (3), and 632.32 (2) (ac), (bh), (e), and (g) (intro.) and 2., (4) (title), (a) 1., 2m., and 3m., (bc), and (d), (4m), (4r), and (6) (d), (e), (f), and (g) of the statutes, the renumbering and amendment of section 344.33 (2) of the statutes, and the creation of section 344.33 (2) (a), (b), and (c) of the statutes first apply to motor vehicle insurance policies that are newly issued or renewed on the effective date of this subsection.
(2)
High-risk category. The treatment of section 632.355 of the statutes first applies to motor vehicle insurance policies that are newly issued on the effective date of this subsection.
14,29
Section
29.
Effective date.
(1) This act takes effect on the first day of the 7th month beginning after publication.
