Repeals and adds to existing law to implement the Idaho Motor Vehicle Service Contract Act and the Idaho Vehicle Theft Protection Program Act.

The proposed legislation updates the Idaho Motor Vehicle Service Contract Act, which was enacted into law in 1993. The proposed legislation moves the authority to enforce the Act from the Attorney General to the Department of Insurance. In addition, the proposed legislation clarifies the definition of a service contract to expressly authorize the following types of contracts: Contracts to repair or replace tires or wheels damaged byroadhazards; contractstorepairorreplacewindshielddamagebyroadhazards; contractstoremovedents and dings in a vehicle without sanding, bonding, or repainting; and contracts to repair or replace lost, stolen, or damaged vehicle key-fobs. Moreover, the proposed legislation gives the Director of the Department of Insurance the power to approve other similar service contracts not enumerated in the Act. Finally, the proposed legislation adds a new chapter to regulate the warranties associated with theft protection products installed on vehicles, such as steering column locks, tracking devices, and vehicle etching.