An Act appointing temporary qualified appraisers for damage covered by auto insurance policies
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to create a system for appointing temporary, qualified appraisers to assess damage to vehicles covered by auto insurance. It aims to address situations where timely and accurate appraisals are needed, particularly when standard appraisal processes are delayed. The legislation seeks to streamline the process of determining the value of damaged vehicles following an accident, ensuring fair compensation for policyholders. This is intended to improve efficiency and reduce delays in insurance claim settlements.
Key provisions
- Establishes a process for appointing temporary qualified appraisers.
- Appraisers will be used for damage assessments related to auto insurance claims.
- The bill focuses on providing a mechanism for rapid appraisal services.
- The appointment process will likely involve specific qualifications and oversight.
- The legislation addresses delays in vehicle damage appraisals.
Who is affected
- Auto insurance policyholders
- Auto insurance companies
- Motor vehicle damage appraisers
- The financial services sector
Notable changes
- Creates a temporary appraisal system.
- Addresses potential delays in auto insurance claim processing.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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