Revise product contracts, vehicle agreements, motor vehicle laws
What changed between versions
Removed amendments to sections governing debt cancellation or debt suspension products, vehicle service contracts, and other ancillary product protections that were part of the original bill.
Added new section 1310.251 defining 'excess wear and use waiver' as a contractual agreement that cancels or waives amounts due from lessees for excess wear and use, explicitly stating these waivers are not insurance products.
Modified section 3905.426 to clarify definitions of motor vehicle ancillary product protection contracts, vehicle value protection agreements, and provider obligations, including requirements for reimbursement insurance policies and cancellation procedures.
Modified section 4509.06 to clarify procedures for reporting uninsured drivers in motor vehicle accidents, including requirements for evidence of financial responsibility.
Modified section 4509.70 to update requirements for assigned risk insurance plans, including new provisions for insurance agent registration, due diligence requirements, and confidentiality of plan records.