Insurance companies in South Dakota will no longer be able to declare a vehicle a total loss unless repair costs reach at least 75% of the vehicle's pre-damage market value. The law allows owners to still request a total loss declaration below that threshold if they want to, and it defines "actual cash value" based on factors like the vehicle's year, model, mileage, condition, and accident history within a 200-mile radius of where the owner lives.
AI-generated summary
Transportation Tabled Passed, YEAS 8, NAYS 3.
Transportation Scheduled for hearing
First read in House and referred to House Transportation H.J. 356
Senate Do Pass Passed, YEAS 27, NAYS 6. S.J. 282
Senate Deferred to another day S.J. 259
Transportation Do Pass Passed, YEAS 4, NAYS 2. S.J. 13
Transportation Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Transportation S.J. 180
Prime sponsor · Sen
R
Dist. SD-002
Prime sponsor · Rep
R
Dist. HD-008
cosponsor · Sen
R
Dist. SD-003
cosponsor · Sen
R
Dist. SD-008
cosponsor · Rep
R
Dist. HD-019
cosponsor · Rep
R
Dist. HD-013
cosponsor · Sen
R
Dist. SD-019
Liz Larson
cosponsor · Sen
D
Dist. SD-010
cosponsor · Rep
R
Dist. HD-017
Tabled
Do Pass
Do Pass
Do Pass