Current through P.L. 171-2024
Section 27-1-43.2-3 - "Incidental cost"(a) As used in this chapter, "incidental cost" means an expense that is: (1) specified in a service contract that applies to a motor vehicle;(2) incurred by the holder due to the failure of an ancillary protection product to perform as provided in the service contract sold with the ancillary protection product; and(3) reimbursed to the holder:(A) as a fixed amount specified in the service contract; or(B) by use of a formula that itemizes specific incurred expenses.(b) "Incidental cost" includes the following:(1) Insurance policy deductibles.(2) Rental vehicle charges.(3) The difference between the actual value of a stolen motor vehicle at the time of theft and the cost of a replacement motor vehicle.(7) Mechanical inspection fees.(8) Expense incurred due to a defective part or mechanical or electrical breakdown.(9) Expense incurred for labor.(10) Expense incurred for other remedial measures, including a repair, a replacement, or repetition of a service.Added by P.L. 129-2014, SEC. 10, eff. 7/1/2014.