For Consumers

Prohibiting depreciation of labor on property claims (R 2021-04)

On a property damage claim, depreciating labor costs on insurance payments passes a significant part of labor repair costs to both the consumer and their repair contractor. The commissioner has seen a rise in the number of policy forms that write this practice into the definition of actual cash value. As a result, the commissioner is seeking rulemaking to prohibit the depreciation of labor on property claims. 

Adopted rule

Proposed rulemaking

Stakeholder draft released June 23, 2021

Notice to start rulemaking