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CT HB05858

Bill

Official Source

Status

Introduced

1/23/2019

Primary Sponsor

Kenneth Gucker

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Amends section 38a-353 of the general statutes regarding property and casualty insurance for automobiles
  • Prohibits insurers from using online auction retail values when calculating settlement amounts for damaged classic motor vehicles declared as constructive total losses
  • Applies to classic motor vehicles covered under automobile insurance policies
  • Restricts valuation methods insurers may use when determining settlement payments to claimants

Legislative Description

An Act Concerning The Valuation Of Classic Motor Vehicles Following Constructive Total Losses.

Last Action

Public Hearing 02/21

2/15/2019

Committee Referrals

Insurance and Real Estate1/23/2019

Full Bill Text

No bill text available