Bill Text: MS HB418 | 2018 | Regular Session | Introduced
Bill Title: Motor vehicle; provide that the most insurers shall be required to pay for repairs is the prevailing market rate.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2018-01-30 - Died In Committee [HB418 Detail]
Download: Mississippi-2018-HB418-Introduced.html
MISSISSIPPI LEGISLATURE
2018 Regular Session
To: Insurance
By: Representative Currie
House Bill 418
AN ACT TO AMEND SECTION 83-11-501, MISSISSIPPI CODE OF 1972, TO PROVIDE THE MOST AN INSURER WILL BE REQUIRED TO PAY FOR THE REPAIR OF A MOTOR VEHICLE IS THE PREVAILING MARKET RATE THAT THE VEHICLE COULD BE REPAIRED FOR IN ACCORDANCE WITH THE MANUFACTURER'S SUGGESTED REPAIR STANDARDS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 83-11-501, Mississippi Code of 1972, is amended as follows:
83-11-501. No insurer may
require as a condition of payment of a claim that repairs to a damaged vehicle,
including glass repairs or replacements, must be made by a particular
contractor or motor vehicle repair shop; provided, however, the most an insurer
shall be required to pay for the repair of the vehicle or repair or replacement
of the glass is the * * * prevailing market rate that such vehicle or glass
could be * * * repaired or replaced in accordance with the manufacturer's
suggested repair standards by a contractor or repair shop within a
reasonable geographical or trade area of the insured.
SECTION 2. This act shall take effect and be in force from and after July 1, 2018.
