Clarifies certain provisions related to excess use or wear and tear of a vehicle leased for personal use for purposes of service contracts

This bill clarifies the definition of a "service contract" under state insurance law to include specific repairs and maintenance for leased personal vehicles. It explicitly covers charges for excess wear and tear on items like tires, paint, and interior components at the end of a lease, provided the cost does not exceed the vehicle's purchase price. The legislation also expands the definition to include services for tire damage from road hazards, windshield chip repair, paintless dent removal, and key replacement. By amending the insurance law, the bill ensures these specific lease-end protections are recognized as valid service contracts.