A. The maximum daily storage rate allowed to be charged by an auto body repair shop and mandatory reimbursement rates for insurers for a motor vehicle total loss for each calendar day, for the first ten (10) calendar days the vehicle is in the possession of the shop, shall be Thirty-nine Dollars ($39.00) for all motor vehicles of any size, including marine vessels, and One Hundred Twenty-five Dollars ($125.00) for vehicles with lithium-ion batteries that have sustained damage to the battery pack or have exhibited fire, smoke, or popping or hissing sounds, if the vehicle is stored pursuant to the original equipment manufacturer requirements. B. On the eleventh calendar day, the maximum daily storage rate may increase to Seventy-five Dollars ($75.00) per calendar day for all motor vehicles of any size, include marine vessels, and to Two Hundred Dollars ($200.00) per calendar day for vehicles with lithium-ion batteries that have sustained damage to the battery pack or have exhibited fire, smoke, or popping or hissing sounds, if the vehicle is stored pursuant to the original equipment manufacturer requirements, if the estimate or supplement on total loss vehicles is not approved by the insurance company within the first seven (7) days and the auto body repair shop has a written record showing the date, time, and type of communication made to the insurance company requesting such supplementals. Requests for supplementals to determine a total loss shall be made before the tenth day following the request. C. The provisions of subsections A and B of this section shall not apply to vehicles in which the damage to the vehicle necessitates indoor storage and the insurance company has approved indoor storage of the vehicle in advance at an agreed rate. D. Each auto body repair shop shall provide written invoices and respond to requests for invoices concerning the pickup, release, or delivery of a motor vehicle on its premises to the insurance company within eight (8) business hours. E. The maximum daily storage rate set forth in this section shall apply to direct repair programs. F. The maximum daily storage rate may be increased upon approval by the Oklahoma Insurance Department based on current market conditions. Adjustments to the maximum daily storage rate shall be made annually based on bulletins issued by the Oklahoma Insurance Department which shall be based on the Consumer Price Index. The Oklahoma Insurance Department shall promulgate the rules necessary to fulfill the requirements of this subsection.
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