Posted June 14, 2017
Attorney Richard A. Orona, partner with Pollart Miller LLC, was recently asked to provide sworn testimony before the Colorado Legislature on behalf of the Colorado Defense Lawyers Association regarding Senate Bills working their way through various committees pertaining to UM/UIM coverage. Mr. Orona testified in support of the proposed amended statute that was brought forth in order to address current law which forbids uninsured and underinsured medical coverage from taking a setoff when medical insurance pays a part of the damages caused by a crash. Mr. Orona specifically testified that this does not require the insurers to pay more than the actual damages caused by the crash. He further testified an insurer is authorized to prohibit stacking the limits of more than one uninsured motorist coverage policy if the provisions are included in a single policy covering multiple vehicles or in multiple policies issued by one insurer or by insurers under common ownership or management. Mr. Orona maintained that this provision must not prohibit stacking of the uninsured or underinsured policies issued to an insured by different companies or to an unrelated person. The maximum liability under the uninsured motorist coverage is the lesser of the policy limits and amounts paid by a legally liable person or the amount of damages sustained but not recovered.
If you have any questions about Mr. Orona’s legislative testimony regarding UM/UIM coverage or have other insurance questions, please feel free to contact Mr. Orona at 303-565-8055 or email@example.com. [Richard A. Orona Profile]