1 bill · 2023 Regular Session
Amends existing law to provide for certain electronic filing and a fee waiver and to revise provisions regarding the online insurance verification system.
This legislation repeals the fees for release of liability for vehicle titles. Insurers will need to report via the onlineinsuranceverificationsystematleastweekly. Initialnoticeswillbesenttoownersofmotorvehicleswho have not established or maintained financial responsibility (liability insurance) for two consecutive months. Vehicle owners will have 60 days to comply. Following this, a final notice will give the recipient 10 days to correct the requirement of financial responsibility or notify the department of an exemption. This legislation asks insurance companies to voluntarily submit data indicating that a vehicle’s insurance has been lawfully suspended because the vehicle has been placed in storage.
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