UTA LEG Motor Vehicle Arbitration

On Mar. 1, UTA LEG passed bill third-party motor vehicle arbitration.

  • UTA LEG passed bill SB 193S01 re arbitration costs in third-party vehicle accidents.
  • Amends UTA INS 31A-22-231 Arbitration in third party motor vehicle accident cases.
  • Bill Provisions
  • The bill modifies arbitration award limitations to the amount of $75,000 or defendant's per person limits of third-party bodily insurance, whichever is the less amount.
  • Party who elects to proceed against a defendant is limited to recovery only against available limits of insurance, plus max of $15,000 in excess of policy limits.
  • Additionally, an underinsured motorist claim is not limited to defendant's per person limits of third party bodily insurance coverage or the $75,000 limit.
  • If plaintiff, as moving party in trial de novo requested does not obtain verdict at least $5,000 or 30% greater than damages, plaintiff responsible for nonmoving party's cost.
  • Nonmoving party costs include costs of expert witnesses and depositions, arbitration costs paid by prevailing party, prejudgment interest and postjudgment interest.
  • Legislative History
  • On Feb. 5, 2024, bill was introduced in Senate; on Feb. 13, 2024, bill passed Senate.
  • On Feb. 13, 2024, bill was introduced in House; on Feb. 29, 2024, bill passed House.
  • On Mar. 1, 2024, bill was sent for enrolling; pending governor review and approval.
  • Effectiveness
  • Bill provisions become effective on May 1, 2024.
  • Mar. 13, 2024 UTA LEG Approval
  • On Mar. 13, 2024, UTA LEG governor approved bill SB 193S01, effective May 1, 2024.

Regulators UTA LEG
Entity Types Ins
Reference Bill, 3/13/2024; Bill, SB0193S01, 3/01/2024; Citation: UTA INS 31A-22-231;
Functions Claims/Accelerated Benefits; Compliance; Financial; Legal
Countries United States of America
Products Insurance; Insurance-Casualty; Insurance-Property
Regions Am
Rule Type Final
Rule Date 3/1/2024
Effective Date 5/1/2024
Rule Id 202938
Linked to N/A
Reg. Last Update 3/13/2024
Report Section US Consumer

Last substantive update on 03/18/2024