AN ACT TO AMEND THE LAW GOVERNING THE PROCEDURES FOR DETERMINING THE AMOUNT OF PROPERTY DAMAGE TO A MOTOR VEHICLE WHEN LIABILITY FOR COVERAGE FOR THE CLAIM IS NOT IN DISPUTE.
House committee substitute to the 2nd edition makes the following changes.
Modifies and adds to the proposed changes to GS 20-279.21(d1) to require that the appraiser exchange appraisals within 35 days after the demand of either the insurer or the claimant for appraisal, rather than within 15 days. Adds that if the appraisers agree, they are required to put their agreement in writing and file the agreement with the insured and the claimant. Provides that agreement of the appraisers is binding on both the claimant and the insurer in the same manner as the umpire report.
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