                                 CODE OF VIRGINIA

DEFINITIONS (§ 59.1-434.1)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Board&#8221; means the Board of Agriculture and Consumer Services.
		&#8220;Commissioner&#8221; means the Commissioner of Agriculture and Consumer
Services or his designee.
		&#8220;Home service contract&#8221; means a contract or agreement for a
separately stated consideration for any duration to perform the service, repair,
replacement, or maintenance of property or to indemnify for the costs of
service, repair, replacement, or maintenance, for the operational failure of any
property due to a defect in materials, workmanship, inherent defect, or normal
wear and tear, with or without additional provisions for incidental payment of
indemnity under limited circumstances. Home service contracts may provide for
the service, repair, replacement, or maintenance of property for damage
resulting from power surges or interruption and for accidental damage from
handling. Home service contracts may provide roof leak coverage.
		&#8220;Property&#8221; means any component, part, appliance, or household
system of a residential property that is covered by a contract, whether such
component, part, appliance, or household system is personal property or is
affixed as real property to the covered residential property.
		&#8220;Provider&#8221; means a person that is contractually obligated to the
purchaser under the terms of the home service contract.
		&#8220;Purchaser&#8221; means a person who enters into a home service contract
with a provider.

HISTORY: 2017, c. 727.