NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

CHAPTER 643

SENATE BILL 796

AN ACT TO EXCLUDE FROM THE DEFINITION OF "CONTRACT OF INSURANCE" CERTAIN PRODUCT WARRANTIES COVERING MOTOR VEHICLES.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 58-3.1 as the same appears in the 1975 Replacement Volume 2B of the General Statutes is hereby amended by adding at the end thereof the following:

"provided that a product guaranty or warranty which accompanies the sale of a product used in the maintenance or operation of a motor vehicle shall not be a contract of insurance under this Chapter."

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 17th day of June. 1975.