vehicle limit. A. Upon the effective date of this act, the hourly market rate for labor for administrative charges as defined in Section 2 of this act, as the rate relates to total loss vehicles, shall be in accordance with the prevailing market price determined pursuant to subsection H of Section 1250.8 of Title 36 of the Oklahoma Statutes. The Insurance Commissioner may adjust the hourly market rate for labor to account for inflation annually beginning on January 1, 2027. Such adjustment shall be made based on the market surveys conducted pursuant to Section 365:15-1-26 of the Oklahoma Administrative Code. B. Administrative charges, as such charges relate to total loss vehicles, shall not exceed the hourly market rate for labor pursuant to this section and may only be billed up to four (4) hours.
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