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Government gone right: New-vehicle insurance booklet law repealed

January 18, 2013
Dealerships no longer must provide to new-car and truck purchasers copies of “Relative Collision Insurance Cost Information.” President Barack Obama on Jan. 10 signed legislation that eliminates the mandate.
Customers have rarely requested copies of the brochure since the law was implemented more than 20 years ago by the National Highway Traffic Safety Administration. Nevertheless, dealerships were compelled to have it available or face a $1,000 per violation fine.
The bill, House Resolution 5859, does not eliminate the government’s ability to make insurance data available online or by other means. The legislation passed the House last July and the Senate shortly before Christmas.
“This Bill removes a regulatory burden from dealerships that helps reduce our cost of doing business,” said NADA Chairman Bill Underriner.