Senators gave first-round approval March 22 to a bill meant to clarify the regulatory framework for motor vehicle ancillary product contracts.<\/p>\n
LB1054, introduced by Omaha Sen. Beau McCoy, would specify that service contracts for ancillary motor vehicle products are not insurance and not otherwise subject to the state\u2019s insurance code.<\/p>\n
The bill defines ancillary products as a protective chemical, substance, device, system or service installed on or applied to a motor vehicle, which is designed to prevent loss or damage from a specific cause.<\/p>\n
Such products would include, but not be limited to:
\n\u2022 additives;
\n\u2022 alarm systems;
\n\u2022 steering locks;
\n\u2022 fuel and ignition kill switches;
\n\u2022 part marketing products; and
\n\u2022 electronic, radio and satellite tracking devices.<\/p>\n
A Banking, Commerce and Insurance Committee amendment, adopted 32-0, expanded the bill\u2019s ancillary auto product definition to include contracts or agreements for repair or replacement of:
\n\u2022 windshields damaged by road hazards;
\n\u2022 inoperable or lost keys or key fobs;
\n\u2022 tires or wheels damaged by road hazards; and
\n\u2022 dents, dings or creases using paintless dent removal.<\/p>\n
The bill advanced to select file 31-0.<\/p>\n","protected":false},"excerpt":{"rendered":"
Senators gave first-round approval March 22 to a bill meant to clarify the regulatory framework for motor vehicle ancillary product<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[111],"class_list":["post-7052","post","type-post","status-publish","format-standard","hentry","category-banking-commerce-and-insurance","tag-sen-beau-mccoy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/7052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7052"}],"version-history":[{"count":4,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/7052\/revisions"}],"predecessor-version":[{"id":7055,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/7052\/revisions\/7055"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}