HB 417 (BR 1568) - D. Horlander
AN ACT relating to vehicle protection product warranties.
Amend KRS 304.5-070 to declare that vehicle protection product warranty to repair, replace, or maintain consumer products shall not be insurance if the maker of the warranty registers with the executive director of the Office of Insurance and provides sufficient net worth and evidence of an insurance policy or performance bond; provide that if the maker of the warranty is unable to perform then the purchaser of the warranty will be considered to be a policyholder of the insurer; define terms.
Jan 30-introduced in House
Jan 31-to Banking & Insurance (H)
Feb 21-posted in committee