2009 Nebraska Code
Chapter 44 INSURANCE
44-3521 Terms, defined.
For purposes of the Motor Vehicle Service Contract Reimbursement Insurance Act:
(1) Director means the Director of Insurance;
(2) Mechanical breakdown insurance means a policy, contract, or agreement that undertakes to perform or provide repair or replacement service, or indemnification for such service, for the operational or structural failure of a motor vehicle due to defect in materials or workmanship or normal wear and tear and that is issued by an insurance company authorized to do business in this state;
(3) Motor vehicle means any motor vehicle as defined in section 60-339;
(4) Motor vehicle service contract means a contract or agreement given for consideration over and above the lease or purchase price of a motor vehicle that undertakes to perform or provide repair or replacement service, or indemnification for such service, for the operational or structural failure of a motor vehicle due to defect in materials or workmanship or normal wear and tear but does not include mechanical breakdown insurance;
(5) Motor vehicle service contract provider means a person who issues, makes, provides, sells, or offers to sell a motor vehicle service contract, except that motor vehicle service contract provider does not include an insurer as defined in section 44-103;
(6) Motor vehicle service contract reimbursement insurance policy means a policy of insurance meeting the requirements in section 44-3523 that provides coverage for all obligations and liabilities incurred by a motor vehicle service contract provider under the terms of motor vehicle service contracts issued by the provider; and
(7) Service contract holder means a person who purchases a motor vehicle service contract.
Source-
Laws 1990, LB 1136, § 93;
Laws 2005, LB 274, § 230;
Laws 2006, LB 875, § 4.
