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Senate approves overhaul of service-contract regulation, requires reimbursement insurance
Summary
Senate Bill 160 would replace chapter 6 with chapter 6A to regulate service contracts and extended warranties, require reimbursement insurance for contracts over $3,000, and mandate disclosures; the Senate reported the bill out and advanced it to third-reading, 21–0 (8 absent).
Senate Bill 160, intended to regulate service contracts and extended warranties, was presented and advanced by the Utah Senate on Feb. 12, 1992.
The sponsor explained the bill would repeal existing chapter 6 and enact chapter 6A to address consumer protections in the growing market for service contracts. Key provisions require that service contracts or extended…
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