New York Insurance Law Article 79 - SERVICE CONTRACTS

• 7901 - Scope and Purposes.
  (a) The purposes of this article are to: (1) create a legal framework within which service contracts may be sold in this state; (2) encourage...
• 7902 - Definitions.
  As used in this article: (a) "Appliances" may include but are not limited to electrical or mechanical appliances sold separately or included with the sale...
• 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...
• 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...
• 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...
• 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,...
• 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...
• 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...
• 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...
• 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...
• 7911 - Authority to Develop Regulations.
  The superintendent may promulgate regulations necessary to effectuate this article.
• 7912 - Transition.
  Providers who have submitted an application for approval of registration pursuant to section seven thousand nine hundred seven of this article who have been previously...
• 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...

Last modified: February 3, 2019