Oklahoma § 36-6751

§ 36-6751.

Purpose - Exemptions.

Oklahoma Statutes - Title 36. Insurance

A. The purpose of the Oklahoma Home Service Contract Act is to

create an independent legal framework within which home service

contracts and home warranties are defined, may be sold and are

regulated in this state. The Oklahoma Home Service Contract Act

declares that home service contracts and home warranties, as defined

in Section 6752 of this title, are not insurance and not otherwise

subject to the Insurance Code. The Oklahoma Home Service Contract

Act requires simple registration, financial assurance options and

enforcement by the Insurance Commissioner. Proper registration

under the Oklahoma Home Service Contract Act exempts applicability

under the Service Warranty Act, which may regulate extended

warranty, retail, automobile and agreements not defined in the

Oklahoma Home Service Contract Act. Nothing in the Service Warranty

Act is changed or amended by the Oklahoma Home Service Contract Act.

B. The following items are exempt from the provisions of the

Oklahoma Home Service Contract Act:

1. Warranties as defined in Section 6752 of this title;

2. Maintenance agreements as defined in Section 6752 of this

title; and

3. Service contracts sold or offered for sale to persons other

than consumers, consumer product (extended warranty) service

contracts on new retail goods if made at the time of sale and motor

vehicle service contracts, all of which may be separately regulated

elsewhere in the Oklahoma Statutes.

C. The types of agreements covered by the Oklahoma Home Service

Contract Act are not insurance and do not have to comply with any

other provision of the Insurance Code outside of the Oklahoma Home

Service Contract Act.

Added by Laws 2011, c. 224, § 2, eff. Nov. 1, 2011. Amended by Laws

2012, c. 150, § 37, eff. Nov. 1, 2012; Laws 2021, c. 137, § 1, eff.

Nov. 1, 2021.