§33-6-33 Value of motor vehicle involved in claim. - West Virginia Statutes

§33-6-33. Value of motor vehicle involved in claim.
Insurance companies doing business in this state shall use the most recent version of an "official used car guide" approved by the insurance commissioner as a guide for setting the minimum value of any motor vehicle involved in a claim settlement arising from a motor vehicle accident. In addition to any cash settlement value so agreed to by the claimant, there shall be added an amount equal to five percent of the cash settlement value as reimbursement to the claimant for the excise tax imposed under section four, article three, chapter seventeen-a of the code of West Virginia.