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Senate Bill 18 moves unanimously after testimony on garage liability market squeeze
Summary
Senate Bill 18, prompted by dealersand an insurance agent, passed unanimously in committee after testimony that fewer insurers now offer garage liability coverage, limiting options for small used-car dealers.
Senate Bill 18, a measure addressing availability of garage liability insurance for motor vehicle dealers, passed unanimously in committee and was reported favorably with the committeeexpression that it should pass on the House floor.
Senator Rick Girdler of Somerset, the bill sponsor, said the measure grew out of a constituents difficulty obtaining required insurance. Adam Sheridan, an agent with Reed Brothers Insurance in Somerset, told the committee that the market for garage liability has thinned. "There were probably 12, 13, 15, too many companies to count that would offer this coverage in the state of Kentucky. Now we're down to about 5, and for most of the small used auto dealers that are in all of our communities, there's really only about 1 or 2 options if they're lucky," Sheridan said.
The committee recorded a motion by Representative Hebron and a second by Representative Bray before calling the roll. The secretary announced 17 yes votes; the committee chairman declared the bill passed unanimously.
The discussion in committee was limited to sponsor explanation and the insurance agent's description of market conditions. No amendments, fiscal impacts, or dissenting views were recorded in the committee proceeding. The committee reported the bill favorably and expressed the opinion that the same should pass on the House floor.
The committee did not detail statutory changes in the transcript excerpt provided; the committee action was procedural and supportive of advancing the bill to the full chamber.
