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:
- Loss of use reimbursements;
- Cost of repairs;
- Determination of fair market value on total losses;
- Use of aftermarket parts;
- Time limitations for payments of claims for property damage by insureds; and
- 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.