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The Commissioner shall provide by rule or regulation procedures for the expeditious and efficient settlement of first-party property damage claims under personal private passenger motor vehicle policies. Such procedures may include, but shall not be limited to:

  1. Loss of use reimbursements;
  2. Cost of repairs;
  3. Determination of fair market value on total losses;
  4. Use of aftermarket parts;
  5. Time limitations for payments of claims for property damage by insureds; and
  6. Establishment of a panel for arbitration of disputed property damage claims where such claims involve total losses.

History. Code 1981, § 33-34-8 , enacted by Ga. L. 1991, p. 1608, § 1.12.