Auto insurance companies would be required to conduct annual market surveys to determine rates paid to collision repair and glass repairers.
Oklahoma House Bill 3132 (HB3132), filed yesterday by Representative Josh Cockroft, seeks to amend the state’s Unfair Claims Settlement Act to require insurance companies to survey collision repair and glass facilities on an annual basis to determine prevailing rates for labor and materials.
HB3132 seeks to insert a section into Oklahoma’s regulations covering claims settlement practices by auto insurers to require insurers to conduct an annual market survey on materials, labor costs, frame and infrastructure costs and mechanical cost
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