Salvage vehicle auction notice requirements provision and authorizing insurers to apply for vehicle title when vehicle is acquired through payment of damages

SF 950 streamlines title processing for salvage vehicles after insurance claims. It allows Minnesota-insured insurers to apply for a vehicle title (salvage or regular) if the owner fails to provide the title within 15 days after claim payment, provided the insurer first gives 15 days' written notice to the owner and any lienholders. For vehicles sold at salvage auctions, the bill requires insurers to notify auction companies if they won't keep the vehicle, then mandates the auction company to send two 14-day-apart notices to the owner/lienholders, giving them 30 days to reclaim the vehicle (paying fees) before it becomes auction company property. This directly affects insurers, vehicle owners, lienholders, and salvage auction companies by clarifying title transfer steps and clearing financial claims when titles aren't provided.