2006 Ohio Revised Code - [3905.42.2] 3905.422.Home service contracts.

[§ 3905.42.2] § 3905.422. Home service contracts.
 

(A)  As used in this section: 

(1) "Home service contract" means a contract, however described or denominated by the issuer of the contract, whereby, for a predetermined fee, a person undertakes to repair or replace all or any part of any structural component, appliance, or system of a home necessitated by wear and tear, deterioration, or inherent defect that occurs on or after the effective date of the home service contract. 

(2) "Appliance" includes a stove, refrigerator, dishwasher, and any similar piece of equipment. 

(3) "Structural component" includes the roof, foundation, basement, walls, ceiling, and similar components of a home. 

(4) "System" includes the heating, cooling, plumbing, electrical system, and similar systems of a home. 

(B)  A home service contract is not insurance and its sale or issuance is not governed by the laws of this state relating to insurance, except a home service contract issued by a licensed property and casualty insurance company as an insurance policy shall be governed by the laws of this state relating to insurance. 

(C)  The sale or other issuance of a home service contract constitutes a consumer transaction for purposes of Chapter 1345. of the Revised Code. A person who purchases or is entitled to the benefits of a home service contract is a consumer as defined in division (D) of section 1345.01 of the Revised Code. 
 

HISTORY: 150 v H 243, § 1, eff. 8-6-04.
 

See provisions, § 3 of H.B. 243 (150 v  - ), following RC § 3957.01.