OH HB632

Amends Ohio Revised Code sections 3905.423 and 3905.426 to regulate motor vehicle ancillary product protection contracts and consumer goods service contracts

Requires all consumer goods service contracts covering power surges or accidental damage from handling to be backed by a reimbursement insurance policy issued by an authorized insurer

Mandates motor vehicle ancillary product protection contracts covering glass repair, dent removal, interior repair, tire/wheel repair, or key replacement be covered by reimbursement insurance policies

Requires contracts to conspicuously disclose that provider obligations are guaranteed under insurance, that contract holders can request payment directly from the insurer if providers fail to perform within 60 days, and the insurer's contact information

Repeals existing section 3905.425 regarding motor vehicle tire and wheel road hazard contracts