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Session Laws, 2007
Volume 803, Page 4282   View pdf image
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2007 Vetoed Bills and Messages
S.B. 502
THE WARRANTY HOLDER SPECIFIED INCIDENTAL COSTS INCURRED AS A RESULT
OF THE FAILURE OF THE VEHICLE PROTECTION PRODUCT TO PERFORM IN
ACCORDANCE WITH THE TERMS OF THE VEHICLE PROTECTION PRODUCT
WARRANTY. (G) (1) "WARRANTOR" MEANS A PERSON THAT IS CONTRACTUALLY
OBLIGATED TO THE WARRANTY HOLDER UNDER THE TERMS OF THE VEHICLE
PROTECTION PRODUCT WARRANTY. (2) "WARRANTOR" DOES NOT INCLUDE AN AUTHORIZED INSURER
THAT ISSUES A WARRANTY REIMBURSEMENT INSURANCE POLICY. (H) "WARRANTY HOLDER" MEANS A PERSON THAT PURCHASES A
VEHICLE PROTECTION PRODUCT WARRANTY OR A PERMITTED TRANSFEREE. (I) "WARRANTY REIMBURSEMENT INSURANCE POLICY" MEANS A
POLICY OF INSURANCE THAT IS ISSUED TO A WARRANTOR TO: (1) PROVIDE REIMBURSEMENT TO THE WARRANTOR; OR (2) PAY ON BEHALF OF THE WARRANTOR ALL COVERED
CONTRACTUAL OBLIGATIONS INCURRED BY THE WARRANTOR UNDER THE
TERMS AND CONDITIONS OF THE INSURED VEHICLE PROTECTION PRODUCT
WARRANTIES SOLD BY THE WARRANTOR. 14-4A-02. (A) THIS SUBTITLE DOES NOT APPLY TO: (1) A SERVICE CONTRACT PROVIDER THAT DOES NOT SELL
VEHICLE PROTECTION PRODUCTS; OR (2) A WARRANTY, INDEMNITY AGREEMENT, OR GUARANTEE THAT
IS NOT PROVIDED IN CONNECTION WITH THE SALE OF A VEHICLE PROTECTION
PRODUCT. (B) A VEHICLE PROTECTION PRODUCT WARRANTY IS NOT SUBJECT TO
THE PROVISIONS OF SUBTITLE 4 OF THIS TITLE. (C) A SELLER OR WARRANTOR OF A VEHICLE PROTECTION PRODUCT,
OR A WARRANTOR'S ADMINISTRATOR, THAT COMPLIES WITH THIS SUBTITLE IS
NOT SUBJECT TO ANY PROVISIONS OF THE INSURANCE ARTICLE.
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Session Laws, 2007
Volume 803, Page 4282   View pdf image
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