(a) (1) Motor vehicle liability insurance applies to the amounts which the owner is legally obligated to pay as damages because of accidental bodily injury and accidental property damage arising out of the ownership or operation of a motor vehicle if the accident occurs in the United States, its possessions, or Canada.
(2) Motor vehicle liability insurance must afford limits of liability not less than those required under the financial responsibility laws of this state.
(b) If the accident occurs outside this state but in the United States, its possessions, or Canada and if the limits of liability of the financial responsibility or compulsory insurance laws of the applicable jurisdiction exceed the limits of liability of the financial responsibility laws of this state, the motor vehicle liability insurance is deemed to comply with the limits of liability of the laws of the applicable jurisdiction.
(c) For purposes of this section, "motor vehicle" is defined as provided in ยง 27-14-207.
Section: Previous 23-89-203 23-89-204 23-89-205 23-89-206 23-89-207 23-89-208 23-89-209 23-89-210 23-89-211 23-89-212 23-89-213 23-89-214 23-89-215 23-89-216 NextLast modified: November 15, 2016