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F I S C A L I M P A C T R E P O R T

SPONSOR:	Papen		DATE TYPED:	01/25/02		HB
SHORT TITLE:		Primary Liability for Rental Cars				SB	145
					ANALYST:		Wilson

APPROPRIATION

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

NFI

SOURCES OF INFORMATION

Public Regulation Commission (PRC)

Attorney General’s Office (AG)

SUMMARY

Synopsis of Bill

SB145 requires rental car companies to accept an individual’s primary auto liability as the insurance required when renting an auto from an entity whose business it is to rent vehicles for 90 days or less.

Significant Issues

Currently many rental car companies require their clients to purchase insurance from them even though they already have the coverage under their own car insurance. This results in duplication of coverage and higher premiums.

DW/ar