A. “Fair market value” means the value of a vehicle as listed in the current National Auto Dealers Association guidebook or other similar guidebook or the actual cash value, whichever is greater.

B. “Flood-damaged vehicle” means a salvage or rebuilt vehicle which was damaged by flooding or a vehicle which was submerged at a level to or above the dashboard of the vehicle and on which an amount of loss was paid by the insurer.

C. “Junked vehicle” means any vehicle which is incapable of operation or use on the highway, has no resale value except as a source of parts or scrap and has an eighty percent (80%) loss in fair market value.

D. “Loss” means the cost, in dollars, to repair or replace a vehicle which has been damaged by collision or other occurrence. The amount paid by an insurer to a holder of the certificate of title for repair of a damaged vehicle shall be prima facie evidence of the amount of the loss. The amount paid by an insurer to a holder of the certificate of title for replacement of a damaged vehicle less the resale value of the damaged vehicle shall be prima facie evidence of the amount of the loss.

E. “Motor vehicle” means a vehicle, as defined by Section 4-101(D) of this Title, manufactured within the last seven model years.

F. “Rebuilt vehicle” means any salvage vehicle which has been rebuilt and inspected for the purpose of registration and title.

G. “Recovered theft vehicle” means a vehicle, including a salvage or rebuilt vehicle, which was recovered from a theft.

H. “Total loss” means a loss which is equal to the fair market value of the vehicle immediately prior to the damage to or theft of the vehicle.

I. “Unrecovered-theft vehicle” means a vehicle which has been stolen and not yet recovered. ONCA 14-38, eff. Apr. 28, 2014.