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2019 SESSION
19101411DBe it enacted by the General Assembly of Virginia:
1. That § 46.2-624 of the Code of Virginia is amended and reenacted as follows:
§ 46.2-624. Information required on vehicles damaged by water.
A. Unless
there is attached to the certificate of title of the vehicle a statement signed
by the owner to the effect that the vehicle has been used as a taxicab, it
shall be unlawful for any person knowingly to sell, transfer, or otherwise
dispose of any motor vehicle that has been used as a taxicab.
B. Violation of
subsection A shall constitute a Class 1 misdemeanor.
C. When
a vehicle has been damaged by water to such an extent that the insurance
company insuring it has paid a claim of $3,500 or more because of this water
damage, the insurance company shall report the payment of such claim to the
Department.
D. On receipt of a
certificate of title to which the information required in subsection A is
attached or upon B. Upon receipt
of information from an insurance company pursuant to
subsection C A,
the Commissioner shall, on
issuing issue
a new certificate of title, and place an appropriate
indicator upon such certificate in order to convey that information to the new
owner of the motor vehicle.