N.Y. Comp. Codes R. & Regs. tit. 11 § 390.4

Current through Register Vol. 46, No. 43, October 23, 2024

Section 390.4 - Right of return of service contract

(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.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 390.4