Oklahoma Service Warranty Bill Heads to Governor

May 7, 2018

An Oklahoma bill related to service warranties has been passed by both the House and Senate and is now headed to Gov. Mary Fallin for her signature.

The bill, SB 1142, relates to “service warranties; amending [the sections of the law] which relate to definitions, audited financial statements, duration of suspension, annual statement filing and examinations of service warranty associations; modifying definitions; requiring certain financial statements to be audited and submitted to Insurance Commissioner under certain circumstances; updating statutory references; and providing an effective date.”

“Motor vehicle ancillary service” includes “the repair of chips or cracks in or the replacement of motor vehicle windshields as a result of damage caused by road hazards,” according to the bill.

The bill was introduced to the Oklahoma Senate on February 5. It passed the Senate in an amended format on March 14. The House passed the bill on April 25.

Click here for the current full text of the bill.

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