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Committee hears hours of testimony on bill to require appraisal rights in auto policies
Summary
Members of the Consumer Protection & Business Committee on April 1 held a public hearing on Engrossed Senate Bill 57-21, which would require most first-party auto insurance policies effective Jan. 1, 2026, to include an appraisal right to resolve disputes over vehicle value and loss amounts.
Members of the Consumer Protection & Business Committee on April 1 heard extensive public testimony on Engrossed Senate Bill 57-21, which would require most auto insurance policies effective Jan. 1, 2026, to include a right to an appraisal to resolve disputes over vehicle value or loss amounts.
Megan Mulvihill, staff to the committee, summarized the bill and differences from the House companion. She said the bill would allow either party to demand an appraisal no earlier than 10 days after the insurer receives notice of the claim; each party then has 10 days to select a competent, disinterested appraiser. If the appraisers disagree, they must appoint an umpire; if no umpire is chosen within 15 days, either appraiser may ask the insurance commissioner to…
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