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HB 685/LM (BR 2142) - D. Ford, R. Palumbo, P. Childers, B. Crall, J. Hoover, T. Kerr, S. Lee, R. Mobley, M. Rader, R. Webb
AN ACT relating to salvage title assignments for insurance companies.
Amend KRS 186A.510 to define "insurance company"; create a new section of KRS 186A.500 to 186A.555, to permit insurance companies to perform salvage title assignments similar to dealer assignments; amend KRS 186A.520 to conform.
HB 685 - AMENDMENTS
HCS/LM - Delete Sections 1 and 2 of the bill; amend Section 3 to provide that a salvage title shall be handle by the county clerk and the Transportation Cabinet in the same manner as a speed title; add a new section amending KRS 186A.130 to provide that a person issued a salvage speed title shall pay a fee of $9.00.
HCA (1/Title, H. Collins) - Amend the title to read as follows: "AN ACT relating to salvage titles.".
HFA (1, J. Lee) - Change the fee for a speed title from $25 to $10.
HFA (2, J. Lee) - Amend Section 1 to clarify that an insurance company may use the dealer assignment on the back of a certificate of title only for a salvage vehicle; require the assignment by an insurance company to be branded by a county clerk; require an insurance company to pay the clerk $3 for each assignment of salvage vehicles; require the Transportation Cabinet to provide mandatory training to county clerks and their deputies on the duty to brand insurance company assignments of salvage vehicles; add a new Section 4 to amend KRS 186A.990 to establish a $5,000 fine for any insurance company that knowingly sells a salvage vehicle by assignment that has not had the assignment properly branded by a county clerk.
HFA (3, J. Lee) - Delete the provisions of the House Committee Substitute and return to the provisions of the In House version with the following changes: amend Section 2 to clarify that an insurance company may use the dealer assignment on the back of a certificate of title only for a salvage vehicle; require the assignment by an insurance company to be branded by a county clerk; require an insurance company to pay the clerk $4 for each assignment of salvage vehicles; require the Transportation Cabinet to provide mandatory training to county clerks and their deputies on the duty to brand insurance company assignments of salvage vehicles; add a new Section 4 to amend KRS 186A.990 to establish a $5,000 fine for any insurance company that knowingly sells a salvage vehicle by assignment that has not had the assignment properly branded by a county clerk; make conforming amendments.
HFA (4, D. Ford) - Delete the provisions of the House Committee Substitute and return to the provisions of the In House version with the following changes: amend Section 2 to clarify that an insurance company may use the dealer assignment on the back of a certificate of title only for a salvage vehicle; require the assignment by an insurance company to be branded by a county clerk; require an insurance company to pay the clerk $3 for each assignment of salvage vehicles; require the Transportation Cabinet to provide mandatory training to county clerks and their deputies on the duty to brand insurance company assignments of salvage vehicles; add a new Section 4 to amend KRS 186A.990 to establish a $5,000 fine for any insurance company that knowingly sells a salvage vehicle by assignment that has not had the assignment properly branded by a county clerk; make conforming amendments.
Feb 15-introduced in House
Feb 19-to Transportation (H)
Feb 26-posted in committee
Feb 28-reported favorably, 1st reading, to Calendar with Committee Substitute, committee amendment (1-title)
Mar 1-2nd reading, to Rules; floor amendment (1) filed to Committee Substitute
Mar 4-floor amendment (2) filed
Mar 8-posted for passage in the Regular Orders of the Day for Monday, March 11, 2002
Mar 11-floor amendments (3) and (4) filed to Committee Substitute
Mar 12-3rd reading, passed 96-0 with Committee Substitute, floor amendment (3)
Mar 13-received in Senate
Mar 18-to Banking and Insurance (S)
Mar 19-reported favorably, 1st reading, to Consent Calendar
Mar 20-2nd reading, to Rules
Mar 21-posted for passage in the Consent Orders of the Day for Monday, March 25, 2002
Mar 25-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; passed over and retained in the Orders of the Day
Mar 26-passed over and retained in the Orders of the Day
Mar 27-passed over and retained in the Orders of the Day
Mar 28-passed over and retained in the Orders of the Day
Mar 29-passed over and retained in the Orders of the Day
Apr 2-recommitted to Appropriations and Revenue (S)
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