July 1 marks the date when numerous pieces of state legislation recently passed by lawmakers go into effect.
And this July 1, automobile insurance-connected bills are pushing many states to go paperless.
From Iowa to Georgia to Indiana, new laws go into effect that alter the way you conduct all sorts of your automobile insurance-related organization, from buying automobile insurance coverage coverage to proving auto insurance coverage.
E-posting and e-delivery bills allow consumers and insurers to conduct business online. E-posting bills permit buyers to view insurance coverage policy info online. E-delivery bills let consumers to conduct insurance coverage organization online, including endorsing and signing documents. But both varieties of bills generally set privacy-related provisions.
Auto insurance coverage e-proof bills allow customers use digital signifies to prove that they have car insurance coverage, typically by means of an insurer-offered “e-card.” E-cards are hyped by significant insurers like GEICO as the new electronic choice of the standard tough-copy automobile insurance ID card.
The bills kind a trend in the insurance coverage industry termed “e-commerce.” Right here is a look at many states where e-commerce bills go into effect nowadays:
Indiana
HB 1058 brings e-posting and e-delivery to Indiana drivers. It was signed into law March 25 and goes into effect today. The Indiana e-proof law went into impact last year.
Georgia
HB 645 brings e-posting and e-delivery to Georgia drivers. It was signed into law April 29 and goes into effect today. The Georgia e-proof law went into effect final year.
Iowa
SF 2105 brings e-posting and e-deliver to Iowa drivers. It was signed into law March 14 and goes into impact these days. The Iowa e-proof law went into impact last year.
Delaware
Final week, the Very first State’s governor signed HB 258 into law, allowing Delaware drivers to use e-cards if they want to prove that they have valid coverage.
2014 an Active Year for E-Commerce Legislation
There was a flurry of legislative action on e-commerce bills in the automobile insurance coverage industry this year, according to Property Casualty Insurers Association of America (PCI).
There are now 19 states with e-posting laws, according to PCI. The latest figures show that 6 states passed e-posting laws in 2014:
- Indiana
- Iowa
- South Dakota
- Utah
- Wyoming
- Georgia
There are now 25 states with e-delivery laws, according to PCI. The newest figures show that 8 states passed e-delivery laws in 2014:
- Arkansas
- Indiana
- Iowa
- Maryland
- Oregon
- South Dakota
- Wyoming
- Georgia
There are now 37 states with e-proof laws, according to PCI. The latest figures show that 5 states passed e-proof laws in 2014:
- Delaware
- Maryland
- Rhode Island
- South Carolina
- South Dakota
Electronic Vehicle Insurance Kicks In for Indiana, Georgia, Iowa
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