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2008 SESSION

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SB 697 Motor vehicle insurance settlement practices; cap on reimbursement for paint and materials.

Introduced by: J. Chapman Petersen | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Motor vehicle insurance; payments for paint and materials. Provides that setting arbitrary and unreasonable limits on what an insurer will allow as reimbursement for paint and materials is an unfair settlement practice. Identical to HB 1176.

SUMMARY AS INTRODUCED:

Motor vehicle insurance; payments for repairs.  Requires that the compensation paid by the insurer for repair parts and service shall not be less than the amounts charged by the repairer to retail customers unless the amounts are not reasonable, and excludes certain items from determinations of the compensation paid by the insurer.  The measure also requires that (i) increases in service compensation be requested in writing and be based on 100 consecutive repair orders or all repair orders over a 90-day period, whichever occurs first, and (ii) increases in compensation for paint and parts be stated as a percentage of markup to be uniformly applied to all parts.