KRS 304.20-110: Commissioner to promulgate administrative regulation to identify

nationally accepted used car valuation guides or tools.

(1) Prior to the effective date of the use of the nationally accepted used car valuation

guides or tools identified unde r subsection (2) of this section, a property, casualty,

or property and casualty insurer shall use any nationally accepted used car valuation

guide or tool available to the insurer when determining the retail value of a

wrecked, destroyed, or damaged motor vehicle under KRS Chapter 186A.

(2) By July 1, 2025, the commissioner shall promulgate an emergency administrative

regulation and an ordinary administrative regulation in accordance with KRS

Chapter 13A that identifies the nationally accepted used car val uation guides or

tools that are available to, and shall be used by, property, casualty, and property and

casualty insurers when determining the retail value of a wrecked, destroyed, or

damaged motor vehicle under KRS Chapter 186A.