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Increased Truck Insurance: More Compensation for Accident Victims.

New rules significantly raise the minimum insurance amounts required for trucking companies in case of accidents. This means individuals injured in collisions involving trucks can expect higher compensation. These amounts will also be regularly adjusted for medical cost inflation.
Key points
Minimum insurance for commercial trucks will increase from $750,000 to $5,000,000.
Insurance amounts will be automatically adjusted every five years for medical care cost inflation.
The changes aim to provide better financial protection for citizens injured in commercial vehicle accidents.
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Expired
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Additional Information
Print number: 117_HR_2687
Sponsor: Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Process start date: 2021-04-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

INSURANCE Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2687.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • Minimum insurance for commercial trucks will increase from $750,000 to $5,000,000.
  • Insurance amounts will be automatically adjusted every five years for medical care cost inflation.
  • The changes aim to provide better financial protection for citizens injured in commercial vehicle accidents.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Garcia, Jesus G. "Chuy" [D-IL-4].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Transport Courts and Law