44-102.01 Insurance; service contract excluded. - Nebraska Statutes

44-102.01. Insurance; service contract excluded.For purposes of Chapter 44, insurance shall not include a service contract. For purposes of this section, service contract shall mean (1) a motor vehicle service contract as defined in section 44-3521 or (2) a contract or agreement, whether designated as a service contract, maintenance agreement, warranty, extended warranty, or similar term, whereby a person undertakes to furnish, arrange for, or, in limited circumstances, reimburse for service, repair, or replacement of any or all of the components, parts, or systems of any covered residential dwelling or consumer product when such service, repair, or replacement is necessitated by wear and tear, by inherent defect, or by the failure of an inspection to detect the likelihood of failure. SourceLaws 1990, LB 1136, § 91.