§ 66-374. Mechanical breakdown service agreements.
§ 66‑374. Mechanicalbreakdown service agreements.
(a) Except as providedin subsection (c) of this section, all mechanical breakdown service agreementcompanies soliciting business in this State shall comply with G.S. 66‑372and G.S. 66‑373.
(b) As used in thissection, "mechanical breakdown service agreement companies" includeany person that issues mechanical breakdown service agreements and is not alicensed insurer, and "mechanical breakdown service agreements" areapplicable to mechanized equipment, including automobiles, riding mowers,scooters, generators, farm implements, logging equipment, road graders,bulldozers, and power equipment not licensed for road use, whether mobile ornot.
(c) This section doesnot apply to performance guarantees, warranties, mechanical breakdown serviceagreements, or motor vehicle service agreements made by:
(1) A manufacturer.
(2) A distributor.
(3) A subsidiary of amanufacturer or distributor. (2003‑290, s. 4; 2007‑95, ss. 6, 13.)