La. Admin. Code tit. 46 § V-7701
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-7701 - DefinitionA. GAP coverage covers a consumers deficiency balance between the net payoff of the consumers loan retail installment sales contract at the time of a loss and the amount paid by the consumers primary insurance after a vehicle is deemed a total loss due to any direct or accidental physical damages or unrecovered theft.La. Admin. Code tit. 46, § V-7701
Promulgated by the Office of the Governor, Motor Vehicle Commission, LR 31:925 (April 2005).AUTHORITY NOTE: Promulgated in accordance with R.S. 6:969.40(D).