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Industry seeks law to allow third‑party motor‑vehicle service contracts and consumer protections
Summary
The Service Contract Industry Council told the Joint Committee on Financial Services that Massachusetts currently treats vehicle service contracts as insurance and lacks a regulatory framework; the bill under consideration would extend existing consumer protections applied to home and consumer goods to motor‑vehicle service contracts.
The Service Contract Industry Council urged the Joint Committee on Financial Services to pass legislation that would create a regulatory framework for motor‑vehicle service contracts in Massachusetts, arguing the lack of a clear law limits consumer choice and market competition.
"Consequently, your constituents don't have access…
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