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MS HB418

Bill

Official Source

Status

Failed

1/30/2018

Primary Sponsor

Becky Currie

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Amends Section 83-11-501 of Mississippi Code to change how insurers calculate maximum repair payments for damaged vehicles and glass
  • Requires insurers to pay no more than the "prevailing market rate" for repairs instead of the previous "lowest amount" standard
  • Establishes that repairs must comply with the vehicle manufacturer's suggested repair standards
  • Maintains existing prohibition on insurers requiring repairs be made by specific contractors or repair shops
  • Takes effect July 1, 2018

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

1/30/2018

Committee Referrals

Insurance1/5/2018

Full Bill Text

No bill text available