Legislative Update | April 2018
Published May 10, 2018 - Written by IAA, Inc.
Insurance Auto Auctions actively monitors and engages on legislative and regulatory matters to help promote responsible business conduct and continued healthy expansion of the salvage auto auction industry. IAA's Government Affairs Department works with lobbyists, insurance companies and others to support legislative bills that are beneficial to the industry and all of its participants.
California Assembly 3163
Introduced February 16
IAA supports the bill
The bill would eliminate the requirement that the Department of Motor Vehicles (DMV) retain information verifying the identity of the person submitting an electronic signature.
This bill allows DMV to proceed with digital signature pilot projects in order to improve efficiency and customer experience, while helping to bring more DMV services into the digital age.
Missouri House Bill 2540
Introduced February 22
IAA is neutral.
This bill pertains to taxation and revenue. Among other changes, it would increase the fee for a salvage title, certificate of title, and duplicate title from $8.50 to $20.00.
See section 301.227 on page 281
Colorado Senate Bill 183
Effective April 12
IAA supported the bill.
Under current law, tow carriers, insurers, and salvage pools use an electronic system to access the Department of Revenue's (DOR) records to verify and contact a vehicle's owner or lienholder. This act allows the agent of an insurance carrier to use this system for the same purposes.
Nebraska Legislative Bill 909
Effective April 12
This act revises various provisions in the Motor Vehicle Code. Below are some provisions related to salvage vehicles:
The department shall provide for an electronic reporting system for salvage and junked motorboats and vehicles. The director shall designate an implementation date for the system which is on or before January 1, 2021.
An insurance company shall use this system to report information when an owner retains ownership of a salvage vehicle or motorboat.
The salvage vehicle definition no longer includes flood damaged vehicles.
Creates a separate flood damaged title brand.
For more information about IAA's legislative and regulatory activities, contact:
Director of Government Affairs, Insurance Auto Auctions