Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears testimony on ending Utah's motorboat insurance mandate; no vote recorded
Summary
Lawmakers and witnesses debated HB 169, which would repeal Utah's requirement that motorboat owners carry liability insurance; a WEISS Ratings witness said Utah's payout ratio for the relevant inland marine line is about 37.9¢ on the dollar, industry groups expressed little concern about removing reporting burdens, and trial attorneys warned repeal could leave injured parties uncompensated.
Representative Colin Jack presented HB 169, which would remove the statutory requirement that motorboat owners purchase liability insurance. Nicole Brown, senior policy adviser at WEISS Ratings, summarized NAIC filings and said Utah is one of only two states that mandate liability coverage for most motorboats, and that Utah's payout ratio on the NAIC "inland marine" line is about 37.9¢ on the dollar — meaning insurers paid roughly 37.9 cents on…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
