2019 Indiana Code
Title 27. Insurance
Article 1. Department of Insurance
Chapter 43.2. Service Contracts
27-1-43.2-3. "Incidental cost"
Sec. 3. (a) As used in this chapter, "incidental cost" means an expense that is:
(1) specified in a service contract that applies to a motor vehicle;
(2) incurred by the holder due to the failure of an ancillary protection product to perform as provided in the service contract sold with the ancillary protection product; and
(3) reimbursed to the holder:
(A) as a fixed amount specified in the service contract; or
(B) by use of a formula that itemizes specific incurred expenses.
(b) "Incidental cost" includes the following:
(1) Insurance policy deductibles.
(2) Rental vehicle charges.
(3) The difference between the actual value of a stolen motor vehicle at the time of theft and the cost of a replacement motor vehicle.
(4) Sales tax.
(5) Registration fees.
(6) Transaction fees.
(7) Mechanical inspection fees.
(8) Expense incurred due to a defective part or mechanical or electrical breakdown.
(9) Expense incurred for labor.
(10) Expense incurred for other remedial measures, including a repair, a replacement, or repetition of a service.
As added by P.L.129-2014, SEC.10.
