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2013 New York Consolidated Laws
ISC - Insurance
Article 79 - (7901 - 7913) SERVICE CONTRACTS
7904 - Required disclosures; service contract reimbursement insurance policy.


NY Ins L § 7904 (2012) What's This?
 
    § 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 contract reimbursement
  insurance policy shall pay on  behalf  of  the  provider  any  sums  the
  provider is legally obligated to pay under the service contract or shall
  perform  the  service which the provider is legally obligated to perform
  according to the provider's contractual obligations  under  the  service
  contracts issued or sold by the provider.

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