Assembly Passes Bill That Could Prohibit Insurers from Owning Interests
in Body Shops
The Nevada Assembly has passed a bill that would prohibit insurers from owning or acquiring interests in body shops. It passed with a vote of 31-10, and was read in the Senate for the first time on Wednesday, April 22.
In addition, if passed, the law would specify the circumstances in which an insurer might use a favored facility agreement, and, in these cases, would require the insurer to post a specific notice in each body shop tied to the insurer.
The bill was introduced on March 11 by Assemblyman Mark Manendo. If passed by the Senate as well and approved by the state's governor, it will take affect on July 1.
HERE for full text of Nevada AB 297 2009.
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