<html> <head> <title>Rule 64:29:02:04.04 Proof of value of insurance check.</title> <META NAME="Keywords" Content="Administrative Rules 64:29:02:04.04"> <META NAME="Description" Content="Administrative Rules 64:29:02:04.04 Proof of value of insurance check."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:29:02:04.04.&nbsp;&nbsp;Proof of value of insurance check.</b> For purposes of SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-5B-4">32-5B-4</A>, the trade-in value of a damaged vehicle may include payment made by an insurance company which is intended to cover the damage. Proof of a payment must be provided at the time application for the certificate of title to the replacement vehicle is filed and must be in one of the following forms:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;A copy of the insurance check with the damaged vehicle identified either on the check or an attached check stub;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;A copy of the claim settlement; or</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;Any other form of documentation provided by the insurance company that indicates the amount of the insurance payment, identifies the damaged vehicle, and is considered acceptable by the Division of Motor Vehicles.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 19 SDR 42, effective September 29, 1992.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-5B-15">32-5B-15.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-5B-4.1">32-5B-4.1.</A></p> </div> </body> </html>