2013 Louisiana Laws
Revised Statutes
TITLE 22 - Insurance
RS 22:1806.1 - Scope and purpose

PART X. HOME SERVICE CONTRACT PROVIDERS

§1806.1. Scope and purpose

A. The purposes of this Part are the following:

(1) To create a legal framework within which home service contracts may be sold in this state.

(2) To encourage innovation in the marketing and development of more economical and effective means of providing services under home service contracts while placing the risk of innovation on the providers rather than on consumers.

(3) To permit and encourage fair and effective competition among different systems of providing and paying for these services.

B. The following shall be exempt from this Part:

(1) Warranties as defined in R.S. 22:1806.2.

(2) Maintenance only agreements as defined in R.S. 22:1806.2.

(3) Service contracts sold or offered for sale to persons other than consumers.

(4) Contracts sold or offered for sale on a single new item of property at the time of the sale of the property or within one year of the date of the sale which guarantees the performance of the service, repair, replacement, or maintenance of the property or guarantees to indemnify for the service, repair, replacement, or maintenance of a single item of residential property.

C. All home service contract providers operating pursuant to a registration as required by this Part shall be exempt from the applicability of all other provisions of this Insurance Code, except where such provisions are specifically incorporated in this Part by reference.

Acts 2009, No. 101, §1, eff. Jan. 1, 2010; Acts 2010, No. 364, §1.