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NV AB334

NV AB334
Revises provisions relating to insurance for motor vehicles. (BDR 57-949)


summary

Introduced
03/17/2023
In Committee
05/22/2023
Crossed Over
04/24/2023
Passed
05/31/2023
Dead
Vetoed
06/16/2023

Introduced Session

82nd Legislature (2023)

Bill Summary

AN ACT relating to insurance; requiring, under certain circumstances, an insurer that requires the inspection or further inspection of a motor vehicle for repair relating to a claim to conduct the inspection or further inspection within a certain period of time; providing an administrative penalty; and providing other matters properly relating thereto.

AI Summary

This bill requires insurers to inspect or further inspect a motor vehicle related to a claim within a certain timeframe, and to provide a completed estimate within 2 business days after the inspection. If the insurer fails to inspect or provide the estimate within the required timeframe, the insurer waives its right to inspect the vehicle, and negotiations for payment of the claim are limited to the cost of labor and parts, unless the insurer provides objective evidence to dispute the damage or repair. The bill also authorizes the Division of Insurance to impose an administrative fine for violations.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Vetoed by the Governor. (on 06/16/2023)

bill text


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