A bill for an act relating to standards for settlement of certain motor vehicle insurance claims.

This bill (SSB 3154) sets new rules for how Iowa insurance companies handle payments for car repairs after accidents. It directly affects car owners, repair shops, and insurers by requiring property insurers (first-party claims) to pay based only on aftermarket crash parts available within 100 miles of the repair shop, not more expensive original equipment parts. For liability insurers (third-party claims), they must use original equipment parts unless the car owner gives written consent to use aftermarket parts and the insurer agrees to cover necessary modifications and defend against related claims. Violations can result in fines up to $50,000 or license suspension.