as introduced - 91st Legislature (2019 - 2020) Posted on 03/13/2019 11:21am
A bill for an act
relating to public safety; requiring Department of Public Safety to include the
cause of damage sustained by a motor vehicle on a salvage certificate of title;
amending Minnesota Statutes 2018, section 168A.151, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2018, section 168A.151, subdivision 1, is amended to read:
(a) When an insurer, licensed to conduct business in
Minnesota, acquires ownership of a late-model or high-value vehicle through payment of
damages, the insurer shall immediately apply for a salvage certificate of title or shall stamp
the existing certificate of title with the legend "SALVAGE CERTIFICATE OF TITLE" in
a manner prescribed by the departmentnew text begin , which shall include the cause of damage sustained
by the vehicle, including but not limited to collision, flood, fire, property damage, or theftnew text end .
Within ten days of obtaining the title of a vehicle through payment of damages, an insurer
must notify the department in a manner prescribed by the department.
(b) A person shall immediately apply for a salvage certificate of title if the person acquires
a damaged late-model or high-value vehicle with an out-of-state title and the vehicle:
(1) is a vehicle that was acquired by an insurer through payment of damages;
(2) is a vehicle for which the cost of repairs exceeds the value of the damaged vehicle;
or
(3) has an out-of-state salvage certificate of title as proof of ownership.
(c) A self-insured owner of a late-model or high-value vehicle that sustains damage by
collision or other occurrence which exceeds 80 percent of its actual cash value shall
immediately apply for a salvage certificate of title.