HB1412: Vehicles damaged by water; increases threshold for reporting water damage, etc.


HOUSE BILL NO. 1412
AMENDMENT IN THE NATURE OF A SUBSTITUTE
(Proposed by the House Committee on Transportation
on January 20, 2011)
(Patrons Prior to Substitute--Delegates Hugo and Abbott [HB 1924])
A BILL to amend and reenact § 46.2-624 of the Code of Virginia, relating to vehicles damaged by water.

Be it enacted by the General Assembly of Virginia:

1.  That § 46.2-624 of the Code of Virginia is amended and reenacted as follows:

§ 46.2-624. Information required on transfer of titles of taxicabs or vehicles damaged by water.

A. Unless there is attached to the certificate of title of the vehicle a statement signed by the owner to the effect that the vehicle has been used as a taxicab or has been damaged by water, it shall be unlawful for any person knowingly to sell, transfer, or otherwise dispose of any motor vehicle that:

1. Has has been used as a taxicab, or

2. Has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $1,000 or more because of this water damage or has determined the motor vehicle to be a total loss.

B. Violation of subsection A of this section shall constitute a Class 1 misdemeanor.

C. When a vehicle has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $3,500 or more because of this water damage, the insurance company shall report the payment of such claim to the Department.

D. On receipt of a certificate of title to which the information required in subsection A of this section is attached or upon receipt of information from an insurance company pursuant to subsection C, the Commissioner shall, on issuing a new certificate of title, place an appropriate indicator upon such certificate in order to convey that information to the new owner of the motor vehicle.

HOUSE BILL NO. 1412
Offered January 12, 2011
Prefiled September 24, 2010
A BILL to amend and reenact § 46.2-624 of the Code of Virginia, relating to vehicles damaged by water.
Patron-- Hugo

Referred to Committee on Transportation

Be it enacted by the General Assembly of Virginia:

1.  That § 46.2-624 of the Code of Virginia is amended and reenacted as follows:

§ 46.2-624. Information required on transfer of titles of taxicabs or vehicles damaged by water.

A. Unless there is attached to the certificate of title of the vehicle a statement signed by the owner to the effect that the vehicle has been used as a taxicab or has been damaged by water, it shall be unlawful for any person knowingly to sell, transfer, or otherwise dispose of any motor vehicle that:

1. Has has been used as a taxicab, or

2. Has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $1,000 or more because of this water damage or has determined the motor vehicle to be a total loss.

B. Violation of subsection A of this section shall constitute a Class 1 misdemeanor.

C. When a vehicle has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $3,500 or more because of this water damage, the insurance company shall report the payment of such claim to the Department.

D. On receipt of a certificate of title to which the information required in subsection A of this section is attached or upon receipt of information from an insurance company pursuant to subsection C, the Commissioner shall, on issuing a new certificate of title, place an appropriate indicator upon such certificate in order to convey that information to the new owner of the motor vehicle.