[§481X-1]  Application.  (a)  This
chapter shall not apply to:



(1)  Express or implied warranties;



(2)  Maintenance agreements; and



(3)  Warranties, service contracts, and maintenance
agreements offered by public utilities on their transmission devices to the
extent they are regulated by the public utilities commission or the department
of commerce and consumer affairs.



(b)  The marketing, sale, offering for sale,
issuance, making, proposing to make, and administration of service contracts by
providers and related service contract sellers, administrators, and other
persons shall be exempt from regulation under the insurance laws of this State
other than laws included in this chapter. [L 2000, c 221, pt of §2]