Code of Alabama - Title 8: Commercial Law and Consumer Protection - Chapter 32 - Service Contracts

• Section 8-32-1 Purpose
  (a) The purpose of this chapter is to create a framework to regulate service contracts sold to consumers in this state. (b) The following are...
• Section 8-32-2 Definitions
  As used in this chapter, the following terms shall have the following meanings: (1) ADMINISTRATOR. The person designated by a provider to be responsible for...
• Section 8-32-3 Requirements for selling or offering to sell service contracts
  (a) Either the provider or its designee shall: (1) Provide a receipt for, or other written evidence of, the purchase of the service contract to...
• Section 8-32-4 Required provisions, reimbursement insurance policy
  Reimbursement insurance policies insuring service contracts sold in this state shall provide that, upon failure of the provider to perform under the service contract, including,...
• Section 8-32-5 Required provisions, service contracts
  (a) Service contracts sold or offered for sale in this state, in their entirety, shall be written, printed, or typed in eight point type size,...
• Section 8-32-6 Prohibited acts
  (a) A provider shall not use in its name the words insurance, casualty, surety, mutual, or any other words descriptive of the insurance, casualty, or...
• Section 8-32-7 Record keeping requirements
  (a)(1) The provider shall keep accurate accounts, books, and records concerning transactions regulated under this chapter. (2) The provider's accounts, books, and records shall include...
• Section 8-32-8 Cancellation of reimbursement insurance policy
  To the extent applicable, an insurer that issued a reimbursement insurance policy shall not terminate the policy until a notice of termination in accordance with...
• Section 8-32-9 Obligation of reimbursement insurance policy insurers
  (a) Where reimbursement insurance is applicable, providers are considered to be the agent of the insurer which issued the reimbursement insurance policy solely for purposes...
• Section 8-32-10 Enforcement provisions
  (a) The commissioner may conduct investigations or examinations of providers, administrators, insurers, or other persons to enforce this chapter and protect service contract holders in...
• Section 8-32-11 Rules and regulations
  The commissioner may promulgate reasonable rules and regulations necessary to implement this chapter.
• Section 8-32-12 Service contracts prior to January 1, 1998
  Service contracts entered into prior to January 1, 1998, and renewals thereof, may but are not required to comply with this chapter. Providers and other...

Last modified: May 3, 2021