LCO No. 3141 1 of 1
General Assembly Proposed Bill No. 5858
January Session, 2019
LCO No. 3141
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
REP. GUCKER, 138th Dist.
AN ACT CONCERNING THE VALUATION OF CLASSIC MOTOR
VEHICLES FOLLOWING CONSTRUCTIVE TOTAL LOSSES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That section 38a-353 of the general statutes be amended to provide 1
that whenever a property and casualty insurer declares a damaged 2
classic motor vehicle that is covered under an automobile insurance 3
policy to be a constructive total loss, the insurer shall, in calculating the 4
value of such vehicle for the purpose of determining the settlement 5
amount to be paid to a claimant, not use any retail value given to such 6
vehicle in an online auction. 7
Statement of Purpose:
To provide that no property and casualty insurer that declares a
damaged classic motor vehicle that is covered under an automobile
insurance policy to be a constructive total loss shall, in calculating the
value of such vehicle for the purpose of determining the settlement
amount to be paid to a claimant, use any retail value given to such
vehicle in an online auction.