North Carolina General Statutes 66-374. Mechanical breakdown service agreements
(a) Except as provided in subsection (c) of this section, all mechanical breakdown service agreement companies soliciting business in this State shall comply with N.C. Gen. Stat. § 66-372 and N.C. Gen. Stat. § 66-373
(b) As used in this section, “mechanical breakdown service agreement companies” include any person that issues mechanical breakdown service agreements and is not a licensed insurer, and “mechanical breakdown service agreements” are applicable 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 or not.
(c) This section does not apply to performance guarantees, warranties, mechanical breakdown service agreements, or motor vehicle service agreements made by:
(1) A manufacturer.
(2) A distributor.
(3) A subsidiary of a manufacturer or distributor. (2003-290, s. 4; 2007-95, ss. 6, 13.)
Terms Used In North Carolina General Statutes 66-374
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3