No-Fault Motor Vehicle Insurance. Tort Liability.

NO-FAULT MOTOR VEHICLE INSURANCE. TORT LIABILITY. INITIATIVE STATUTE. Abolishes tort liability for vehicle-caused death or injury, except as specified. Requires motor vehicle insurance for personal injury protection and property damage liability, with standard coverage of $1 million for personal injury. Generally covers vehicle occupants, pedestrians, and bicyclists regardless of accident\u27s cause. Allows optional supplemental coverage. Permits reduced coverage with waiver of full benefits. Requires benefit payment within 30 days of documented claim, with arbitration of disputed claims. Provides insurance benefits for medical and rehabilitation costs, wage loss, replacement services, and death, within specified limits. Incorporates health care fee limits. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: There may be an annual loss of transportation revenues from a reduction in motor vehicle registration and license fees potentially in the tens of millions of dollars to more than one hundred million dollars annually. State and local government savings may result from reduced health care expenditures potentially in the tens of millions to more than one hundred million dollars annually. State and local government savings may result from reduced auto-related liability payments potentially in the tens of millions of dollars annually. Increased administrative costs totaling about $15 million in start-up costs and $10 million in ongoing costs to the Departments of Insurance and Motor Vehicles