Current through 2023-2024 Legislative Session Chapter 709
Section 33-34-8 - Rules and regulationsThe Commissioner shall provide by rule or regulation procedures for the expeditious and efficient settlement of first-party property damage claims under personal private passenger motor vehicle policies. Such procedures may include, but shall not be limited to:
(1) Loss of use reimbursements;(3) Determination of fair market value on total losses;(4) Use of aftermarket parts;(5) Time limitations for payments of claims for property damage by insureds; and(6) Establishment of a panel for arbitration of disputed property damage claims where such claims involve total losses.