Current through the 2024 Fourth Special Session
Section 13-51-203 - Payment of a claim from the fund(1) A person that holds a lien on a vehicle used by a transportation network driver to provide transportation network services may submit a claim to the division for payment from the fund for physical damage to the vehicle.(2) The division shall pay a claim for payment from the fund to a person that holds a lien on a vehicle described in Subsection (1) for physical damage to the vehicle if: (a) the physical damage to the vehicle occurred during a waiting period or a prearranged ride;(b) the lien complies with Section 41-1a-601;(c) the person required the transportation network driver, by contract, to maintain insurance coverage for physical damage to the vehicle;(d) the insurance coverage described in Subsection (2)(c): (i) names the person as the loss payee;(ii) was in effect at the time the physical damage occurred; and(iii) denied coverage to the person as the loss payee on the sole basis that the transportation network driver used the vehicle to provide transportation network services in the state; and(e) the division determines, no earlier than 10 days after the day on which the person makes the claim, that: (i) no other insurance is available from the relevant transportation network company; and(ii) the fund has enough money to cover the cost of the claim.(3) If the division grants a claim to a person for a lien on a transportation network driver's vehicle under Subsection (2), the fund shall pay the person the lesser of, as estimated by the division: (a) the cost to repair the vehicle;(b) the actual cash value of the vehicle less any salvage costs; or(c) the amount of money in the fund.(4) The division may not accept or pay a claim under this section after the balance of the fund is zero.Amended by Chapter 111, 2018 General Session ,§ 2, eff. 7/1/2018.Added by Chapter 359, 2016 General Session ,§ 5, eff. 5/10/2016.