83-65-103 - Definitions. - Mississippi Statutes

§ 83-65-103. Definitions.
 

For the purposes of this chapter: 
 

(a) "Commissioner" means the Commissioner of Insurance. 

(b) "Service contract holder" means a person who purchases or otherwise obtains a vehicle service contract. 

(c) "Vehicle service contract" means a contract or agreement that undertakes to perform or provide repair or replacement service, or provide payment for that service, for the operational or structural failure of a motor vehicle due to a defect in materials, workmanship or normal wear and tear. 

(d) "Provider" means a person who issues, makes or provides a vehicle service contract. 

(e) "Reimbursement insurance policy" means a policy of insurance providing reimbursement coverage for all services which the provider is legally obligated to provide under the terms of vehicle service contracts issued or sold by the provider. 

(f) "Services" means the repair, replacement or maintenance of property or indemnification for repair, replacement or maintenance for the operational or structural failure of a motor vehicle due to a defect in materials, workmanship or normal wear and tear. 
 

Sources: Laws,  1995, ch. 302, § 2, eff from and after passage (approved February 28, 1995).