Second Regular Session S.B. 1039
COMMITTEE ON FINANCE
SENATE AMENDMENTS TO S.B. 1039
(Reference to printed bill)
Page 4, line 20, strike "or voided"
Page 5, line 34, after "exceed" insert "$75 OR"; after "the" strike remainder of line
Line 35, strike "paid by the service contract holder for" insert "purchase price of"; after the second "contract" insert ", whichever is less. Any administrative expense assessed may not exceed the amount of the refund due service contract holder"
Page 6, between lines 8 and 9 insert:
"12. A service contract shall disclose whether the contract covers or excludes preexisting conditions. A service contract may not exclude preexisting conditions that were not known and would not have been reasonably known by a visual inspection, operation of the system or appliance and a mechanical test."
Amend title to conform