Revises provisions relating to service contracts. (BDR 57-517)

AB 370 requires service contract providers in Nevada to include a clear statement in their contracts directing consumers to contact the Division of Insurance with complaints. It mandates the Division to establish and post a toll-free complaint number online, and to create a star rating system (1-5 stars) for providers based on compliance with service contract rules and complaint history. These ratings must be posted online, allowing consumers to easily see how well providers handle claims. The bill directly affects businesses selling service contracts (like extended warranties) and consumers who purchase them, making complaint processes and provider performance more transparent.