SB 975 - This act changes the definition of manufacturer, in relation to extended service contracts, to include affiliates of the person who manufactures or produces the subject property. This act also modifies the definition of motor vehicle extended service contract to include contracts for specific services related to motor vehicles as listed in the act and adds a definition for "road hazard". The act also allows for refunds to be credited to the account of an extended service contract holder. This act further amends who may effectuate a refund to an extended service contract holder.
This act is substantially similar to HB 1976 (2016).