Session Daily: February 13, 2002

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Setting glass prices

(February 13, 2002) Insurance companies would be required to pay "fair and reasonable costs" on auto glass repair claims under a measure approved by the House Commerce, Jobs and Economic Development Policy Committee.

Current law requires insurance companies to pay market price for glass replacement as determined by a survey of costs charged in communities around the state.

HF2570, sponsored by Rep. Ken Wolf (R-Burnsville), would eliminate the market survey of auto glass shop prices. The bill adds a "fair and reasonable standard" in the amount a company must pay on a claim to the "competitive price" standard in current law.

The bill now goes to the House floor.