2012 New York Consolidated Laws
ISC - Insurance
Article 79 - (7901 - 7913) SERVICE CONTRACTS
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 provider shall not in its service contracts or literature make,
  permit or cause to  be  made  any  false  or  misleading  statement,  or
  deliberately  omit  any  material  statement that would make the service
  contracts or literature misleading if omitted, in  connection  with  the
  sale, offer to sell, or advertisement of a service contract.
    (c)  A person, including a bank, savings and loan association, lending
  institution, manufacturer or seller of any product,  shall  not  require
  the  purchase  of  a  service contract as a condition of a loan or other
  extension of credit or a condition for the sale or other disposition  of
  any property. The superintendent may promulgate regulations necessary to
  effectuate  this subsection as authorized by section seven thousand nine
  hundred eleven of this article.