Section 41-6209 – LICENSING.
41-6209. LICENSING. Motor vehicle service contract providers, and persons marketing, administering, selling or offering to sell motor vehicle service contracts for motor vehicle service contract providers, are not required to obtain a license under title 41, Idaho Code. A motor vehicle service contract provider shall not be subject to regulation under any provision of title […]
Section 41-6210 – GUARANTY.
41-6210. GUARANTY. The provisions of the Idaho insurance guaranty association act, chapter 36, title 41, Idaho Code, shall not apply to any motor vehicle service contract, mechanical breakdown insurance or motor vehicle service contract liability insurance policy, as defined in this chapter, and no claim under any motor vehicle service contract, mechanical breakdown insurance or […]
Section 41-6211 – ENFORCEMENT AND PENALTIES.
41-6211. ENFORCEMENT AND PENALTIES. (1) The director may conduct examinations of motor vehicle service contract providers, administrators, insurers or other persons to enforce the provisions of this chapter and to protect motor vehicle service contract holders in this state. Upon request of the director, the provider shall make available to the director all accounts, books […]
Section 41-6206 – MOTOR VEHICLE SERVICE CONTRACT REQUIREMENTS.
41-6206. MOTOR VEHICLE SERVICE CONTRACT REQUIREMENTS. Before the sale of any motor vehicle service contract, the motor vehicle service contract provider shall give written notice to the customer clearly disclosing that the purchase of the contract is not required either to purchase or to obtain financing for a motor vehicle. No motor vehicle service contract […]
Section 41-6207 – PROHIBITED ACTS.
41-6207. PROHIBITED ACTS. (1) A motor vehicle service contract provider may not use in its name, contracts or literature: (a) Any of the words "insurance," "casualty," "surety," "mutual" or any other words descriptive of the insurance, casualty or surety business; or (b) A name deceptively similar to the name or description of any insurance or […]
Section 41-6208 – RECORDKEEPING REQUIREMENTS.
41-6208. RECORDKEEPING REQUIREMENTS. (1) All motor vehicle service contract providers shall keep accurate accounts, books and records concerning transactions regulated under the provisions of this act. A motor vehicle service contract provider’s accounts, books and records shall include: (a) Copies of all motor vehicle service contracts issued; (b) The name and address of each motor […]
Section 41-6201 – SHORT TITLE.
41-6201. SHORT TITLE. The provisions of this chapter shall be known and may be cited as the "Idaho Motor Vehicle Service Contract Act." History: [41-6201, added 2018, ch. 116, sec. 2, p. 241.]
Section 41-6202 – LEGISLATIVE INTENT.
41-6202. LEGISLATIVE INTENT. (1) The legislature finds and declares that a considerable number of Idaho citizens use contracts to provide necessary services for the repair and servicing of motor vehicles purchased and used within the state. (2) It is the intent of the legislature that this act provides for state of Idaho regulation of motor […]
Section 41-6203 – DEFINITIONS.
41-6203. DEFINITIONS. As used in this chapter: (1) "Administrator" means the person responsible for the administration of the motor vehicle service contract; (2) "Director" means the director of the Idaho department of insurance; (3) "Incidental costs" means expenses specified in a theft protection program warranty that are incurred by the warranty holder due to the […]
Section 41-6204 – SERVICE CONTRACT REIMBURSEMENT POLICY REQUIREMENTS.
41-6204. SERVICE CONTRACT REIMBURSEMENT POLICY REQUIREMENTS. (1) The following are mandatory insurance provisions: (a) No motor vehicle service contract shall be issued, sold or offered for sale in this state unless the motor vehicle service contract provider is insured under a service contract liability policy issued by an insurer admitted to do business in this […]