7913 – Separability Provision.
§ 7913. Separability provision. If any provision of this article, or the application of any such provision to any person or circumstances, shall be held invalid, the remainder of this article, and the application of the provision to any person or circumstances other than those as to which it is held invalid, shall not be […]
7903 – Requirements for Doing Business.
§ 7903. Requirements for doing business. (a) Notwithstanding any other provision of this chapter to the contrary, the marketing, sale, offering for sale, issuance, making, proposing to make and administration of service contracts by any provider, administrator or other person, shall be exempt from all other provisions of this chapter. A provider may, but is […]
7904 – Required Disclosures; Service Contract Reimbursement Insurance Policy.
§ 7904. Required disclosures; service contract reimbursement insurance policy. Service contract reimbursement insurance policies insuring service contracts issued, sold or offered for sale in this state shall state that, upon failure of the provider to perform under the service contract, including failure to return the unearned provider fee thereunder, the insurer that issued the service […]
7905 – Required Disclosures; Service Contract.
§ 7905. Required disclosures; service contract. (a) Service contracts marketed, sold or offered for sale, issued, made, proposed to be made or administered in this state shall be dated and written in clear, understandable language and the entire service contract shall be printed or typed in easy to read type and disclose the requirements of […]
7906 – Prohibited Acts.
§ 7906. Prohibited acts. (a) A provider shall not use in its name the words insurance, casualty, guaranty, surety, mutual or any other words descriptive of the insurance, casualty, guaranty or surety business, or a name deceptively similar to the name or description of any insurance or surety corporation or any other provider. (b) A […]
7907 – Registration of Providers.
§ 7907. Registration of providers. (a) No person shall act as a provider pursuant to this article without having first obtained an approval of a registration to do so from the superintendent. The application for approval of registration shall contain the following information; (1) the name and address of the principal office of the provider; […]
7908 – Recordkeeping Requirements.
§ 7908. Recordkeeping requirements. (a) Books and records. (1) A provider or its administrator shall keep accurate accounts, books and records concerning transactions regulated under this article. (2) A provider’s or its administrator’s accounts, books and records shall include: (A) copies of each type of service contract issued; (B) the name and address of each […]
7909 – Termination of Service Contract Reimbursement Insurance Policy.
§ 7909. Termination of service contract reimbursement insurance policy. An insurer that issues a service contract reimbursement insurance policy shall not terminate the policy except in accordance with section three thousand four hundred twenty-six of this chapter and upon notice to the superintendent. The termination of a service contract reimbursement insurance policy shall not reduce […]
7910 – Enforcement Provisions.
§ 7910. Enforcement provisions. (a) The superintendent may conduct investigations or examinations of providers, administrators, insurers or other persons to enforce the provisions of this article and protect service contract holders in this state. Upon request of the superintendent, the provider shall make all accounts, books and records concerning service contracts sold in this state […]
7911 – Authority to Develop Regulations.
§ 7911. Authority to develop regulations. The superintendent may promulgate regulations necessary to effectuate this article.