Guam § 19104 - Contents of Required Automobile Insurance.

§ 19104. Contents of Required Automobile Insurance.

Any motor vehicle which is operated in Guam must be insured

pursuant to the following limits:

(a) Property Damage Liability Insurance - Property Damage

Liability Insurance shall provide that any liability to an insured to pay

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for property damage to any vehicle or other property not owned or

controlled by the insured, in accordance with applicable law, shall be

paid by the applicable insurer within the limits of the policy of

insurance issued by the insurer. The minimum amount of property

damage liability insurance coverage that a named insured must

purchase is $20,000 for property damage in any one accident.

(b) Third Party Bodily Injury Liability - Third Party Bodily Injury

Liability coverage shall provide that any liability of an insured to pay

for injury arising from an accident within Guam, in accordance with

applicable law, shall be paid by the insurer up to the amount

established in the policy. The minimum amount of third party bodily

injury liability coverage that an insured must purchase shall be

$25,000 for each person injured in any one accident and $50,000 in

aggregate for all persons injured in any one accident.

(c) The limits of minimum insurance set out in this Section shall

be adjusted by the Director biennially, beginning November, 1991, and

only after public hearing and taking into account local costs and other

conditions, and other relevant factors.