2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Hashmi
Collision Auto Body Shop Insurance Reimbursement Study

Item 492 #1s

Item 492 #1s

First Year - FY2023 Second Year - FY2024
Independent Agencies
State Corporation Commission FY2023 $100,000 FY2024 $0 NGF

Page 515, line 32, strike "$0" and insert "$100,000".

Page 515, line 15, before the sentence insert "A."

Page 515, after line 19, insert:

"B. The State Corporation Commission shall engage in a study to determine the effects of insurance reimbursements to automotive repair shops, including small, independently-owned entities, and larger, Virginia-based, and multi-state operated franchise entities operating in Virginia, and report its findings to the Governor and the General Assembly, by November 1, 2022."


(This amendment provides $100,000 NGF the first year to fund a study on the effects of insurance reimbursements on auto body shops, inclusive of small, family-owned shops in contrast to larger, franchise operations.)