1. "Service contract" means a contract pursuant to which a provider, in exchange for separately stated consideration, is obligated for a specified period to a holder to repair, replace or perform maintenance on, or indemnify or reimburse the holder for the costs of repairing, replacing or performing maintenance on, goods that are described in the service contract and which have an operational or structural failure as a result of a defect in materials, workmanship or normal wear and tear, including, without limitation:
(a) A contract that includes a provision for incidental payment of indemnity under limited circumstances, including, without limitation, towing, rental and emergency road service; and
(b) A contract that provides for the repair, replacement or maintenance of goods for damages that result from power surges or accidental damage from handling.
2. The term does not include a contract pursuant to which a provider, other than the manufacturer, builder, seller or lessor of a manufactured home, in exchange for separately stated consideration, is obligated for a specified period to a holder to repair or replace, or indemnify or reimburse the holder for the costs of repairing or replacing, any component of the physical structure of the manufactured home, including, without limitation, the walls, roof supports, structural floor base or foundation.
(Added to NRS by 1999, 3336; A 2007, 3328)
Structure Nevada Revised Statutes
Chapter 690C - Service Contracts
NRS 690C.020 - "Administrator" defined.
NRS 690C.030 - "Consumer" defined.
NRS 690C.040 - "Contractual liability insurance policy" defined.
NRS 690C.045 - "Controlling person" defined.
NRS 690C.050 - "Goods" defined.
NRS 690C.060 - "Holder" defined.
NRS 690C.070 - "Provider" defined.
NRS 690C.080 - "Service contract" defined.
NRS 690C.100 - Applicability of chapter.
NRS 690C.110 - General tax on premiums not applicable.
NRS 690C.120 - Applicability of other provisions.
NRS 690C.150 - Required to issue, sell or offer for sale service contracts.
NRS 690C.155 - Determination of controlling person of provider.
NRS 690C.160 - Application; fees; period of validity; renewal.
NRS 690C.200 - Name of provider.
NRS 690C.215 - Transfer of liability without approval of Commissioner prohibited; exception.
NRS 690C.240 - Provider ceasing to do business: Notification; effect.
NRS 690C.270 - Cancellation: Grounds; effective date.
NRS 690C.310 - Retention of records by provider.
NRS 690C.320 - Examinations by Commissioner.
NRS 690C.330 - Civil penalty for violation of chapter or order or regulation of Commissioner.