GroundRules
33-18-222: Market price.
Where this section sits in the code
- TITLE 33. INSURANCE AND INSURANCE COMPANIES
- CHAPTER 18. UNFAIR TRADE PRACTICES
- Part 2. Insurer's Relations With Insured and Claimant
(1) For purposes of 33-18-221, 33-18-223, and 33-18-224, "market price" means the:
(a) price agreed upon between the insurer and the business; or
(b) prevailing competitive rate that is reasonable and necessary in the local area where the repairs are to be performed.
(2) The market price may not be less than cost as provided in 30-14-209.
Collected 2026-09-14T04:52:36Z. Source file · JSON