26-49-101. Scope and purposes.
177 words·~1 min read·
/wy/title-26-insurance-code/chapter-49-service-contracts/26-49-101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The purpose of this article is to create a legal framework within which service contracts may be sold in this state.
(b)The following are exempt from W.S. 26-49-103 through 26-49-111:
(i)Warranties;
(ii)Maintenance agreements;
(iii)Warranties, service contracts and maintenance agreements offered by public utilities on their transmission devices to the extent they are regulated by public service commission; and
(iv)Service contracts sold or offered for sale to persons other than consumers.
(c)The types of agreements referred to in subsection
(b)of this section do not have to comply with any provision of the insurance law of this state.
(d)This article does not apply to:
(i)Mechanical breakdown insurers licensed pursuant to chapter 37 of this code;
(ii)To mechanical breakdown insurance organizations who maintain a license pursuant to W.S. 26-37-106;
(iii)To motor club services regulated pursuant to the Motor Club Services Act;
(iv)Theft protection programs or their accompanying warranties except that theft protection programs and their accompanying warranties shall be subject to the enforcement provisions of W.S. 26-49-110.