Vermont H0384 establishes minimum reimbursement rates for labor related to automobile insurance claims.

Vermont H0384 mandates the Commissioner of Financial Regulation to conduct a market survey of hourly labor rates charged by automobile repair facilities and investigate rates paid by insurance companies in Vermont. The Commissioner will compare these rates with those in other New England states and may review additional relevant data. Based on this assessment, the Commissioner will establish a minimum hourly insurance reimbursement rate for labor, applicable to both first- and third-party automobile insurance claims.

Vermont H0384 establishes minimum reimbursement rates for labor related to automobile insurance claims.

Vermont H0384 mandates the Commissioner of Financial Regulation to conduct a market survey of hourly labor rates charged by automobile repair facilities and investigate rates paid by insurance companies in Vermont. The Commissioner will compare these rates with those in other New England states and may review additional relevant data. Based on this assessment, the Commissioner will establish a minimum hourly insurance reimbursement rate for labor, applicable to both first- and third-party automobile insurance claims.