Wisconsin Assembly Bill AB679

Wisconsin 2023-2024 Regular Session

• Introduced: 11/27/23
• Refer: 11/27/23
• Failed: 4/15/24

Caption

Modifying administrative rules of the Department of Transportation relating to applications for vehicle titles by nonresident insurance carriers.

Impact

If enacted, AB679 will significantly simplify the current process for nonresident insurers, allowing greater flexibility in the handling of vehicle titles. By enabling these companies to apply for a broad range of vehicle titles under Wisconsin law, it is expected to enhance operational efficiency for out-of-state insurance firms and improve their ability to address claims involving Wisconsin-registered vehicles. This change could also lead to greater cooperation and compliance between Wisconsin's DOT and out-of-state insurance providers, creating a more efficient administrative flow for vehicle title applications.

Summary

Assembly Bill 679 seeks to modify the administrative rules set by the Department of Transportation (DOT) regarding applications for vehicle titles by nonresident insurance carriers. Specifically, it aims to expand the ability of nonresident insurance companies to apply for titles for vehicles in Wisconsin. Under current law, nonresidents can only apply for salvage vehicle titles under certain conditions, primarily when they take ownership of a vehicle as a result of settling a total loss claim. This bill intends to streamline the process for nonresident insurers by allowing them to apply for any type of vehicle title, not just salvage titles, as long as they are based out of state but operate under the jurisdiction of Wisconsin's regulations.

Contention

While the bill appears to be advantageous for nonresident insurance companies, it may raise concerns among local stakeholders about oversight and regulatory controls. Critics might argue that easing restrictions on nonresident entities could lead to complications related to accountability and may impact existing local businesses and insurers. Additionally, discussions on the bill may highlight the need for a balance between administrative efficiency and regulatory accountability, ensuring that local systems are not adversely affected by changes that favor out-of-state entities.