Source: https://law.lis.virginia.gov/vacode/46.2-1600/
Timestamp: 2019-09-19 04:18:47
Document Index: 415238424

Matched Legal Cases: ['§ 46', '§ 46', '§ 46', '§ 46', '§ 46', '§ 46']

§ 46.2-1600. (Effective July 1, 2021) Definitions
Table of Contents » Title 46.2. Motor Vehicles » Subtitle IV. Dealers and Driver Training Schools » Chapter 16. Salvage, Nonrepairable, and Rebuilt Vehicles » § 46.2-1600. (Effective July 1, 2021) Definitions
§ 46.2-1600. (Effective until July 1, 2021) Definitions.
"Late model vehicle" means the current-year model of a vehicle and the five preceding model years, or any vehicle whose actual cash value is determined to have been at least $10,000 prior to being damaged.
"Nonrepairable vehicle" means any vehicle that has been determined by its insurer or owner to have no value except for use as parts and scrap metal or for which a nonrepairable certificate has been issued or applied for.
"Rebuilt vehicle" means (i) any salvage vehicle that has been repaired for use on the public highways or (ii) any late model vehicle that has been repaired and the estimated cost of repair exceeded 75 percent of its actual cash value, excluding the cost to repair damage to the engine, transmission, or drive axle assembly.
1979, c. 401, § 46.1-550.6; 1988, cc. 842, 865; 1989, c. 727; 1992, c. 148; 1993, c. 376; 2000, cc. 123, 235, 257; 2003, c. 304; 2009, c. 664; 2012, cc. 64, 280; 2015, cc. 33, 177; 2017, cc. 277, 342, 362.
"Cosmetic damage," as applied to a vehicle, means damage to custom or performance aftermarket equipment, audio-visual accessories, nonfactory-sized tires and wheels, custom paint, and external hail damage. "Cosmetic damage" does not include (i) damage to original equipment and parts installed by the manufacturer or (ii) damage that requires any repair to enable a vehicle to pass a safety inspection pursuant to § 46.2-1157. The cost for cosmetic damage repair shall not be included in the cost to repair the vehicle when determining the calculation for a nonrepairable vehicle.
1979, c. 401, § 46.1-550.6; 1988, cc. 842, 865; 1989, c. 727; 1992, c. 148; 1993, c. 376; 2000, cc. 123, 235, 257; 2003, c. 304; 2009, c. 664; 2012, cc. 64, 280; 2015, cc. 33, 177; 2017, cc. 277.