| Last Action | posting waived |
|---|---|
| Title | AN ACT relating to motor vehicle repair insurance claims. |
| Bill Documents |
Bill
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| Bill Request Number | 913 |
| Sponsor | S. Riggs |
| Summary of Original Version | Create a new section of subtitle 12 of KRS Chapter 304 to define "authorized claim", "automobile liability insurance policy", "insurer", "loss payee", and "repair facility"; require insurers to issue payment for authorized claims, when a motor vehicle is subject to a lien, directly to the vehicle repair facility for completed repairs and to provide written notice of completion of the vehicle repair to a loss payee within 30 days after completion of the repair; require insurers to issue payment for authorized claims, when a motor vehicle is not subject to a lien, jointly to the policy holder and the vehicle repair facility naming both the policy holder and the vehicle repair facility as payees; state that a violation of this Act constitutes an unfair claims settlement practice that may be disciplined pursuant to KRS 304.12-120; state that a vehicle repair facility's endorsement of a payment instrument tendered under this Act is certification by the facility of completion of the repair that is the subject of the authorized claim. |
| Index Headings of Original Version |
Insurance - Motor vehicles, repair claims Insurance, Motor Vehicle - Repair claims, payments Motor Vehicles - Insurance repair claims, payments Negotiable Instruments - Motor vehicle insurance repair claims, payments Transportation - Motor vehicle insurance repair claims, payments |
| 02/01/11 |
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| 02/02/11 |
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| 02/15/11 |
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Last updated: 1/16/2019 3:43 PM (EST)