» » R.I. Regulators: Insurers Must Pay ‘Fair Market Value’ for Total Loss Vehicles

R.I. Regulators: Insurers Must Pay ‘Fair Market Value’ for Total Loss Vehicles

Posted by Unknown on Friday, March 28, 2014

Rhode Island’s Department of Business Regulation, Insurance Division, issued a bulletin Monday stating that pursuant to the state law, auto insurers must pay the “fair market value” for a vehicle that is declared a total loss. R.I. Gen. Laws § …


The article R.I. Regulators: Insurers Must Pay ‘Fair Market Value’ for Total Loss Vehicles appeared first on Insurance Journal.




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