[§481X-1] Application. (a) This chapter shall not apply to:
(1) Express or implied warranties;
(2) Maintenance agreements; and
(3) Warranties, service contracts, and maintenance agreements offered by public utilities on their transmission devices to the extent they are regulated by the public utilities commission or the department of commerce and consumer affairs.
(b) The marketing, sale, offering for sale, issuance, making, proposing to make, and administration of service contracts by providers and related service contract sellers, administrators, and other persons shall be exempt from regulation under the insurance laws of this State other than laws included in this chapter. [L 2000, c 221, pt of §2]
Note
L 2000, c 221, §6 provides:
"SECTION 6. This Act shall not apply to service contracts or contractual liability insurance policies effective prior to July 1, 2000, or to the activities of service contract providers, administrators, sellers, or contractual liability insurance policy insurers prior to July 1, 2000. The failure of a provider or other person to comply with this Act or otherwise to administer a service contract plan, in the manner required by this Act prior to July 1, 2000, shall not be admissible in any court, arbitration, or alternative dispute resolution proceeding, or otherwise used to prove that the action of any person or the service contract was unlawful or otherwise improper."