Transferring ownership of a vehicle to an insurer under certain circumstances.

Summary

The bill obligates vehicle owners to notify the Department of Licensing within 15 days when a vehicle is destroyed and makes a gross misdemeanor of any later reporting. Insurers must also report total‑loss vehicles within 15 days of settling a claim and can do so electronically, without needing a notarized signature to transfer ownership. It adds a market‑value threshold for older vehicles and updates power‑of‑attorney rules for these transfers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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