66-370. Motor vehicle service agreement companies. (a) This section applies to all motor vehicle service agreement companies soliciting business in this State, but it does not apply to maintenance agreements, performance guarantees, warranties, or motor vehicle service agreements made by (1) A manufacturer, (2) A distributor, or (3) A subsidiary or affiliate of a manufacturer […]
66-371. Home appliance service agreement companies. (a) This section applies to all home appliance service agreement companies soliciting business in this State, but it does not apply to performance guarantees or warranties made by manufacturers in connection with the sale of new home appliances. This section does not apply to any home appliance dealer licensed […]
66-372. Miscellaneous requirements for motor vehicle and home appliance service agreement companies. (a) The provisions of this section and G.S. 66-373 apply to companies specified in G.S. 66-370 and G.S. 66-371. (b) The following definitions apply in this section and in G.S. 66-373: (1) Service agreement. – Includes motor vehicle service agreements and home appliance […]
66-373. Insurance policy requirements. (a) Each company or person subject to this section shall maintain contractual liability insurance or service agreement reimbursement insurance with an authorized insurer for one hundred percent (100%) of claims exposure, including reported and incurred but not reported claims and claims expenses, on business written in this State unless the company […]
66-374. Mechanical breakdown service agreements. (a) Except as provided in subsection (c) of this section, all mechanical breakdown service agreement companies soliciting business in this State shall comply with G.S. 66-372 and G.S. 66-373. (b) As used in this section, "mechanical breakdown service agreement companies" include any person that issues mechanical breakdown service agreements and […]
