16 Guam Code Ann. § 23108
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Terms Used In 16 Guam Code Ann. § 23108
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
NOTE: P.L. 22-20, after requiring that insurance companies provide liability insurance for vehicles 10 years of age or older, also stated:
Section 2. Section 3 of Public Law 20-216 is repealed and reenacted to read:
“Section 3. New rates. The Insurance Commissioner is hereby directed to implement a new rate and premium schedule for the purchase and sale of automobile insur- ance. The new schedule shall include provision of liability insurance for vehicles that are ten (10) years old or older that otherwise meet the mandatory automobile liability insurance requirements provided by this Act. If in the opinion of the Insurance Commissioner coverage for this class of vehicles is better suited for consideration under item (5) of subsection (a), § 23105, Title 16, Guam Code Annotated, then after coordination with the insurance community, such required insurance coverage for older vehicles may be provided under such Chapter 23”.
2011 NOTE: Reference to the “”Insurance Commisioner”” changed to the
“”Commissioner of Banking and Insurance”” pursuant to P.L. 27-088:10 (May 6, 2004).
Section 2. Section 3 of Public Law 20-216 is repealed and reenacted to read:
“Section 3. New rates. The Insurance Commissioner is hereby directed to implement a new rate and premium schedule for the purchase and sale of automobile insur- ance. The new schedule shall include provision of liability insurance for vehicles that are ten (10) years old or older that otherwise meet the mandatory automobile liability insurance requirements provided by this Act. If in the opinion of the Insurance Commissioner coverage for this class of vehicles is better suited for consideration under item (5) of subsection (a), § 23105, Title 16, Guam Code Annotated, then after coordination with the insurance community, such required insurance coverage for older vehicles may be provided under such Chapter 23”.
2011 NOTE: Reference to the “”Insurance Commisioner”” changed to the
“”Commissioner of Banking and Insurance”” pursuant to P.L. 27-088:10 (May 6, 2004).