Bill > HB1243

This bill adds a new section to North Dakota's insurance law regarding automobile ownership after a total loss, addressing two key points: First, if an insurance company determines a vehicle has suffered a "total loss" (meaning the cost to repair the vehicle exceeds its value) or a "constructive total loss" (a similar determination based on specific damage criteria), the vehicle's owner has the choice to either keep the vehicle or transfer ownership to the insurance company. Second, the bill prohibits insurance companies from charging the vehicle owner any additional fees for retaining or returning the vehicle after such a determination, ensuring that the insurance settlement covers the process without extra cost to the insured individual. This provision aims to provide more flexibility and fairness for vehicle owners in the aftermath of significant damage, giving them more control over what happens to their vehicle after an insurance claim.

Transportation and Infrastructure

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1243.html