This bill proposes to amend current statutes regarding salvage vehicles by introducing new provisions that allow insurance companies to request salvage auction dealers to take possession of vehicles subject to insurance claims after fulfilling specific requirements. It establishes a process for notifying dealers when an insurance claim is denied or when there is a lack of coverage or cooperation from the vehicle owner. The bill mandates that dealers inform the vehicle owner or lienholder about the availability of the salvage vehicle and any outstanding charges, and it outlines the steps to be taken if the vehicle is not picked up within specified timeframes.

Additionally, the bill classifies unclaimed salvage vehicles as abandoned after 30 days, allowing the dealer to request a salvage or nonrepairable vehicle certificate without surrendering the original title. It specifies the necessary documentation and fees required for this request and ensures that the Department of Transportation issues a clear title to the dealer if all conditions are met. The definitions of "salvage auction dealer" and "salvage vehicle" are also clarified in the new language.

Statutes affected:
Introduced Version: 28-2099