La. Admin. Code tit. 55 § III-1331

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-1331 - Definition

Total Loss- when used in these rules and in R.S. 32:707 shall mean a motor vehicle which has sustained damages equivalent to 75 percent or more of the market value as determined by the most current (NADA) National Automobile Dealers Association Handbook.

La. Admin. Code tit. 55, § III-1331

Promulgated by the Department of Public Safety, Office of Motor Vehicles, LR 11:560 (May 1985).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:707.