Amends existing law to revise a definition.

The purpose of this legislation is to increase the required automobile minimum liability insurance (proof of financial responsibility) from $25,000 to $50,000 minimum (for one claimant); from $50,000 to $100,000 minimum (for two or more claimants); and from $15,000 to $50,000 minimum for property damage (to one or several vehicles). Automobile liability insurance minimum requirements have not been increased since 1983, almost 34 years ago. The same $25,000 in medical services that a person received in 1983 would cost over $110,000 today - after adjustment for medical inflation, according to federal statistics.