Summary of Original Version

Amend KRS 186A.295 to exclude the cost of parts and labor to make cosmetic repairs to a motor vehicle from the cost of repair calculation for the required surrender of the certificate of title for a motor vehicle or trailer that has been destroyed; require a motor vehicle that is exempt from title surrender to be issued a salvage title; amend KRS 186A.190 and 186A.520 to conform.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions, except amend KRS 186A.295 to retain the existing obligation of insurers to pay the cost of parts and labor for repair of cosmetic damage to a motor vehicle or trailer.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions, except amend KRS 186A.295 to include only costs for labor and parts for actual damage in the calculation of the cost of repair for a motor vehicle or trailer; provide that the calculation of the cost of repair shall not alter any obligation of an insurer to pay for the cost of cosmetic repairs.

Statutes affected:
Introduced: 186A.295, 186A.520, 186A.190
House Committee Substitute 1: 186A.295, 186A.520, 186A.190
Senate Committee Substitute 1: 186A.295, 186A.520, 186A.190
Current: 186A.295, 186A.520, 186A.190