MOTOR VEHICLE FINANCIAL RESPONSIBILITY – Adds to existing law to establish provisions regarding appraisals by competent and disinterested appraisers and to establish a dispute resolution process.

This Idaho bill (H 769) requires auto insurers to include a policy provision allowing policyholders to request an independent appraisal if they disagree with the insurer's valuation of a car claim (e.g., repair costs or total loss value) or settlement offer for third-party claims. It establishes a two-step process: first, each party selects their own disinterested appraiser within 20 days; if appraisers disagree, they then select a neutral umpire who must resolve the dispute within 20 business days by adopting one appraisal. The law directly affects Idaho car insurance policyholders and insurers, ensuring a structured process for resolving valuation disagreements without court involvement. Failure to follow these steps is a violation of insurance regulations.