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MS HB831

Bill

Official Source

Status

Failed

2/23/2016

Primary Sponsor

Becky Currie

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends Section 83-11-501 of the Mississippi Code to modify how insurers determine maximum repair payments for damaged vehicles.

  • Changes the repair payment standard from "lowest amount" to "prevailing market rate" for vehicle and glass repairs.

  • Requires that repairs must comply with manufacturer's suggested repair standards within a reasonable geographical or trade area of the insured.

  • Maintains the existing prohibition on insurers requiring repairs be made by a particular contractor or repair shop.

  • Takes effect July 1, 2016.

Legislative Description

Motor vehicle; provide that the most insurers shall be required to pay for repairs is the prevailing market rate.

Last Action

Died In Committee

2/23/2016

Committee Referrals

Insurance2/8/2016

Full Bill Text

No bill text available