New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XVI - Service Contracts
Part 390 - Service Contracts
Section 390.4 - Right of return of service contract

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 390.4

Current through Register Vol. 46, No. 12, March 20, 2024

(a) The statement of the right to return the service contract required by sections 7903(e) and 7905(n) of the Insurance Law shall be set forth in a conspicuous manner.

(b) The service contract shall clearly indicate the procedure for returning or terminating the contract. If the provider requires that the contract must be physically returned, the provider shall specify the address where the contract is to be returned.

(c) The service contract shall contain a statement that if no claim has been made under the contract, and the holder returns or terminates the contract within the time period specified in the service contract, the contract shall be void and that the provider shall refund to the contract holder the full purchase price of the contract.

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