Bill Text: WV HB2476 | 2019 | Regular Session | Enrolled
Bill Title: Relating to the valuation of a motor vehicle involved in an insurance claim
Spectrum: Partisan Bill (Republican 11-0)
Status: (Passed) 2019-04-11 - Chapter 149, Acts, Regular Session, 2019 [HB2476 Detail]
Download: West_Virginia-2019-HB2476-Enrolled.html
WEST virginia legislature
2019 regular session
ENROLLED
Committee Substitute
for
House Bill 2476
By Delegate Westfall, Azinger, Hott, Jeffries, D., Graves, Jennings, Criss, Mandt, Nelson, Espinosa and Porterfield
[Passed March 4, 2019; in effect ninety days from passage.]
AN ACT to amend and reenact §33-6-33 of the Code of West Virginia, 1931, as amended, relating to the valuation of a motor vehicle involved in an insurance claim; requiring that an amount equal to the consumers sales tax applicable to the sale of motor vehicles be added to a cash settlement arising from a total loss of a motor vehicle.
Be it enacted by the Legislature of West Virginia:
ARTICLE 6. THE INSURANCE POLICY.
§33-6-33. Valuation of motor vehicle involved in claim.
Insurance companies doing business in this state shall use the most recent version of an “official used car guide” approved by the Insurance Commissioner as a guide for setting the minimum value of any motor vehicle involved in a claim settlement arising from the total loss of a motor vehicle. In addition to any cash settlement value so agreed to by the claimant, there shall be added an amount equal to the consumers sales tax set forth in §11-15-3c (b) of this code.
