R590-166-3. Definition  


Latest version.
  •   A. "Home protection service contract," also referred to as "home service contract" or "home warranty," means a service contract as defined by Subsection 31A-6a-101(4)(a) whereby a person, other than a builder, seller, or lessor of a home which is the subject of the contract, undertakes, for a specified period of time and for a predetermined fee, to repair or replace components, systems, or appliances of such home upon mechanical or operational failure, or to make indemnification to the holder of such contract for such repair or replacement.

      B. "Home protection company" means a service contract provider as defined by 31A-6a-101(6) who issues home protection service contracts, excluding insurers authorized for casualty insurance.