Arizona: NAMIC Files Written Testimony Supporting Salvage Title Bill

NAMIC filed written testimony Feb. 6 with the Arizona Legislature in support of SB 1165, a salvage title bill.

"The proposed legislation will allow insurance carriers who are having difficulty securing a properly endorsed certificate of title from the vehicle owner to apply directly to the state for a legal transfer of title,” said Christian J. Rataj, NAMIC’s Western state affairs manager. “This will help streamline the claims adjusting process for insurers and expedite the settlement of total-loss or stolen motor vehicle insurance claims."

SB 1165 passed out of the Senate Committee on Transportation on a unanimous 4-0-1 vote. It will now be heard in the Senate Rules Committee.

In NAMIC's written testimony, Rataj argued that SB 1165 will help streamline and expedite the claims settlement process; assist carriers in their attempt to control administrative cost-drivers that impact insurance rates; and help insurers timely recover their insured’s auto insurance collision coverage deductible.

"SB 1165 is a reasonable and appropriate administrative measure designed to promote the best interests of the insurance consumer,” Rataj said. “NAMIC will continue to monitor and support this pending legislation as it works its way through the state Legislature."

Direct questions to NAMIC State Affairs Manager Christian J. Rataj.

Posted: Tuesday, February 12, 2008 12:00:00 AM. Modified: Friday, February 15, 2008 2:46:27 PM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.