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MS HB435

Bill

Official Source

Status

Failed

2/5/2019

Primary Sponsor

Becky Currie

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Amends Section 83-11-501 of the Mississippi Code to modify how insurers calculate maximum payment for motor vehicle repairs
  • Changes the payment standard from "lowest amount" to "prevailing market rate" for repairs conducted in accordance with manufacturer's suggested repair standards
  • Applies to repair or replacement of vehicle glass and other damaged vehicle components
  • Maintains existing prohibition on insurers requiring repairs be made at specific contractors or repair shops
  • Takes effect July 1, 2019

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

2/5/2019

Committee Referrals

Insurance1/14/2019

Full Bill Text

No bill text available