AN ACT CONCERNING THE VALUATION OF CLASSIC MOTOR VEHICLES FOLLOWING CONSTRUCTIVE TOTAL LOSSES.
To provide that no property and casualty insurer that declares a damaged classic motor vehicle that is covered under an automobile insurance policy to be a constructive total loss shall, in calculating the value of such vehicle for the purpose of determining the settlement amount to be paid to a claimant, use any retail value given to such vehicle in an online auction.
Introduced by:Rep. Kenneth M Gucker, 138th Dist.
|New today||2-4 days old||5 days & older|
|Text of Bill|
Add Notes to HB-5858
Co-sponsors for Amendment LCO:
|2/15/2019||Public Hearing 02/21|
|2/7/2019||(INS)||Reserved for Subject Matter Public Hearing|
|1/23/2019||Referred to Joint Committee on Insurance and Real Estate|