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§ 27-1-43-2-3 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 1 - Department of Insurance/
  6. Chapter 43.2 - Service Contracts27-1-43.2-1. "Ancillary Protection Product"/
  7. § 27-1-43-2-3
Indiana Legal Code

§ 27-1-43-2-3

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(a) As used in this chapter, 'incidental cost' means an expense that is:(1) specified in a service contract that applies to a motor vehicle;(2) incurred by the holder due to the failure of an ancillary protection product to perform as provided in the service contract sold with the ancillary protection product; and(3) reimbursed to the holder:(A) as a fixed amount specified in the service contract; or(B) by use of a formula that itemizes specific incurred expenses.(b) 'Incidental cost' includes the following:(1) Insurance policy deductibles.(2) Rental vehicle charges.(3) The difference between the actual value of a stolen motor vehicle at the time of theft and the cost of a replacement motor vehicle.(4) Sales tax.(5) Registration fees.(6) Transaction fees.(7) Mechanical inspection fees.(8) Expense incurred due to a defective part or mechanical or electrical breakdown.(9) Expense incurred for labor.(10) Expense incurred for other remedial measures, including a repair, a replacement, or repetition of a service.As added by P.L.129-2014, SEC.10.