The model acts governing the use of aftermarket motor vehicle replacement parts, auto-body shop “steering” and the confidentiality of market conduct annual statements are being considered at the summer meeting of the National Conference of Insurance Legislators (NCOIL) currently underway in Boston.
The model law concerning auto parts may be of special interest to property/casualty insurers. An amendment legislators deferred from the spring meeting would restrict the conditions under which insurers could specify use of aftermarket crash parts and mandate permanent, transparent identification of crash parts. Eric Goldberg, associate general counsel and manager, state programs American Insurance Association (AIA) says the proposed rule threatens the continued use of aftermarket replacement parts.
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