Advertisement

The Car and Truck Fleet and Leasing Management Magazine

N.H. Legislators Pass OEM Replacement Parts Bill

May 12, 2016

Photo of New Hampshire State House by Alexius Haratius via Wikimedia Commons.
Photo of New Hampshire State House by Alexius Haratius via Wikimedia Commons.

The New Hampshire House of Representatives on May 11 approved a bill that would prohibit insurance companies from requiring or specifying the use of non-OEM parts for the repair of vehicles that have been in service two years or less and have logged 30,000 miles or less.

The bill, which the state Senate passed back in March, would also restrict insurers from specifying such aftermarket parts for the repair of leased vehicles if the lease indicates that use of non-OEM parts would diminish the vehicle’s residual value.

In the context of the legislation, “specifying” such parts includes writing repair estimates based on the cost of aftermarket parts or declining to pay for the cost of original equipment manufacturer replacement parts.

Additionally, the bill would strengthen insurance company requirements to disclose to clients whenever a repair estimate is prepared based on the use of non-OEM parts.

The legislation now moves to the desk of Gov. Maggie Hassan.

To read the bill, click here.  

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Donlen Corp. offers fleet leasing, accident management, administrative services, fuel management, remarketing, transportation services, upfitting services, vehicle acquisition, and vehicle maintenance.

Read more

Accident Costs Calculator

DO YOU KNOW HOW MUCH REVENUE IT TAKES TO OFFSET FLEET ACCIDENT COSTS?
Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents.
Launch Accident Cost Calculator 

Up Next

More From The World's Largest Fleet Publisher