Motor vehicle insurance settlement practices; cap on reimbursement for paint and materials. (SB697)
Introduced By
Sen. Chap Petersen (D-Fairfax)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Motor vehicle insurance; payments for repairs. Requires that the compensation paid by the insurer for repair parts and service shall not be less than the amounts charged by the repairer to retail customers unless the amounts are not reasonable, and excludes certain items from determinations of the compensation paid by the insurer. The measure also requires that (i) increases in service compensation be requested in writing and be based on 100 consecutive repair orders or all repair orders over a 90-day period, whichever occurs first, and (ii) increases in compensation for paint and parts be stated as a percentage of markup to be uniformly applied to all parts. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/16/2008 | Prefiled and ordered printed; offered 01/09/08 084839293 |
01/16/2008 | Presented and ordered printed 084839293 |
01/16/2008 | Referred to Committee on Commerce and Labor |
02/04/2008 | Reported from Commerce and Labor with substitute (13-Y 1-N 1-A) (see vote tally) |
02/05/2008 | Committee substitute printed 080156293-S1 |
02/06/2008 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/07/2008 | Read second time |
02/07/2008 | Reading of substitute waived |
02/07/2008 | Committee substitute agreed to 080156293-S1 |
02/07/2008 | Engrossed by Senate - committee substitute SB697S1 |
02/08/2008 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/08/2008 | Communicated to House |
02/13/2008 | Placed on Calendar |
02/13/2008 | Read first time |
02/13/2008 | Referred to Committee on Commerce and Labor |
02/14/2008 | Reported from Commerce and Labor (22-Y 0-N) |
02/18/2008 | Read second time |
02/19/2008 | Read third time |
02/19/2008 | Passed House BLOCK VOTE (97-Y 0-N) |
02/19/2008 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) |
02/20/2008 | Enrolled |
02/20/2008 | Bill text as passed Senate and House (SB697ER) |
02/20/2008 | Signed by Speaker |
02/22/2008 | Signed by President |
03/02/2008 | G Approved by Governor-Chapter 110 (effective 7/1/08) |
03/02/2008 | G Approved by Governor-Chapter 111 (effective 7/1/08) |
03/04/2008 | G Acts of Assembly Chapter text (CHAP0111) |