16 Guam Code Ann. § 7117
(b) The certificate of ownership shall contain upon the reverse side, forms for notice to the Department of a transfer of the title or interest of the owner or legal owner and application for such transfer by the transferee.
(c) (1) The certificate of ownership of a vehicle where title is acquired by an insurance company as a result of payment of an insurance claim shall prominently display the words
“”Salvage Title”” on said certificate. The words “”Salvage
Title”” shall remain on the certificate title in perpetuity for all successive owners of said vehicle or any secondary vehicle
from which said vehicle’s chassis or parts of said vehicle’s
chassis is used to repair, replace, or refurbish the secondary vehicle.
(2) Failure to disclose such insurance claim information, as stated in this Subsection, to the Department of Revenue and Taxation when transferring ownership is a civil violation and subject to a fine of not less than Five Hundred Dollars ($500.00).
(3) For purposes of this Subsection, salvage refers to any vehicle for which an insurance company has deemed not economically feasible to repair.
(d) An insurance company that obtains ownership by payment of a claim for the full insured value of a vehicle shall obtain a salvage title certificate of ownership, within ten (10) days of the payment of such claim (weekends and government of Guam holidays excepted), from the Department of Revenue and Taxation prior to selling or otherwise disposing of the vehicle.
(1) The Department of Revenue and Taxation may charge said insurance company a fee not to exceed Three
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16 Guam Code Ann. VEHICLES
CH.7 VEHICLE LICENSE AND REGISTRATION
Dollars ($3.00).
(2) Subsequent sales or transfers of a vehicle with a salvage title shall be subject to a fee of Twenty-five Dollars ($25.00).
(3) Fee revenues herein shall be deposited in the Better Public Service Fund and are continually appropriated to the Motor Vehicle Division of the Department of Revenue and Taxation.
(e) In the event that an insurance company pays a claim for the full insured value of a vehicle and allows the insured to retain ownership of the vehicle, the insurance company shall, within ten (10) days of the payment of such claim (weekends and government of Guam holidays excepted) notify the Motor Vehicle Division of the Department of Revenue and Taxation of such claim. Subsequent transfers of ownership of said vehicles, shall be issued a salvage title certificate of ownership.
(f) A vehicle that receives a salvage title certificate of ownership may be registered for use on Guam’s public roadways; provided, that such vehicle is deemed safe for use on public roads by a licensed repair shop.
SOURCE: GC § 23316, enacted by P.L. 1-088 (Nov. 29, 1952). Amended by P.L. 33-069:1 (Sept. 15, 2015) and P.L. 33-234 (Jan. 9, 2017).
2017 NOTE: Subsection designations were added in (d) pursuant to authority granted to the Compiler by 1 Guam Code Ann. § 1606.
2015 NOTE: Subsection designations were added in (c) pursuant to authority granted to the Compiler by 1 Guam Code Ann. § 1606.