Purpose of chapter; applicability; motor vehicle manufacturer's service contracts

(A) The purpose of this chapter is to create a legal framework within which service contracts may be sold in this State. (B) This chapter does not apply to: (1) warranties; (2) maintenance agreements; (3) commercial transactions; (4) warranties, service contracts, or maintenance agreements offered by public utilities on their transmission devices to the extent they are regulated by the Public Service Commission or the Department of Environmental Services; (5) service contracts sold or offered for sale to persons other than consumers. (C) Motor vehicle manufacturer's service contracts on the motor vehicle manufacturer's products shall comply with Sections 38-78-50 (A) and (D), to (N), Section 38-78-60, and Section 38-78-100, as applicable. (D) The types of agreements referred to in subsection (B) of this section do not have to comply with any provision of the insurance laws of this State.