HB 249 (BR 913) - S. Riggs
AN ACT relating to motor vehicle repair insurance claims.
Create a new section of subtitle 12 of KRS Chapter 304 to define "authorized claim", "automobile liability insurance policy", "insurer", "loss payee", and "repair facility"; require insurers to issue payment for authorized claims, when a motor vehicle is subject to a lien, directly to the vehicle repair facility for completed repairs and to provide written notice of completion of the vehicle repair to a loss payee within 30 days after completion of the repair; require insurers to issue payment for authorized claims, when a motor vehicle is not subject to a lien, jointly to the policy holder and the vehicle repair facility naming both the policy holder and the vehicle repair facility as payees; state that a violation of this Act constitutes an unfair claims settlement practice that may be disciplined pursuant to KRS 304.12-120; state that a vehicle repair facility's endorsement of a payment instrument tendered under this Act is certification by the facility of completion of the repair that is the subject of the authorized claim.
Feb 1-introduced in House
Feb 2-to Banking & Insurance (H)
Feb 15-posting waived