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Service Contract Providers Page Finance Division
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Act
656. An Act To Establish A Legal Framework For The Regulation Of Service
Contracts; And For Other Purposes.
This ACT will become effective and apply to all service contracts
issued on or after October 1, 2007. A Service Contract
provider can be an individual, a partnership, a corporation,
an incorporated or unincorporated association, a joint
stock company, a reciprocal, a syndicate, or any similar entity or
combination of entities acting in concert. This ACT does not apply
to the following: (1) Manufacturer Warranties: Unlike a Service Contract for
which a consumer pays a separate charge, a manufacturer's warranty is included
in the purchase price of a product. You don't have to decide whether to
"buy" it or not - it simply comes with your product. Manufacturers'
warranties generally have limited product protection and are effective for a
limited period of time, some as short as 90 days, depending on the type of
product covered. (2) Scheduled Maintenance Only agreements (3) Commercial Transactions (4) A person or entity licensed by the
(5) Service Contracts sold to persons
other than Consumers. (6) Motor Vehicle Service
Contracts as
defined in ACA
§4-90-501 et seq. (7) Mechanical Breakdown
Insurance Policy:
a contract between a consumer and an insurance company. |
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Note:
Manufacturer’s service contracts on the manufacturer’s products are
subject only to ACA 4-112-106(a), 4-112-106(d)-(g), 4-112-107, and 4-112-111,
and therefore are not required to be registered, but must comply with the
referenced sections of the law. Unless exempt, a provider of a
service contract in |
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Registration Requirements (1) Provider
Registration Form (3) Rule
91 (4) List of Registered Providers |
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