Indiana § 27-1-43.2-12 Service contract form

Indiana Statutes

§ 27-1-43.2-12 — Service contract form

Indiana § 27-1-43.2-12

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 43.2Service Contracts

This text of Indiana § 27-1-43.2-12 (Service contract form) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-43.2-12 (2026).

Text

A service contract must meet the following requirements:

(1)Be legibly typed or printed in understandable language.

(2)Include the following disclosures:

(A)The name and address of:

(i)the provider;

(ii)any administrator of the service contract, if different from the provider;

(iii)the person selling the service contract; and

(iv)if the information has been furnished by the holder, the holder. This information may be added to the service contract at the time of sale and is not required to be preprinted on the service contract.

(B)The total purchase price and the terms under which the service contract is sold. This information may be negotiated with the holder and added to the service contract at the time of sale and is not required to be preprinted on the service contract.

(C)The

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A service contract must meet the following
requirements:
(1) Be legibly typed or printed in understandable language.
(2) Include the following disclosures:
(A) The name and address of:
(i) the provider;
(ii) any administrator of the service contract, if different from
the provider;
(iii) the person selling the service contract; and
(iv) if the information has been furnished by the holder, the
holder.
This information may be added to the service contract at the
time of sale and is not required to be preprinted on the service
contract.
(B) The total purchase price and the terms under which the
service contract is sold. This information may be negotiated
with the holder and added to the service contract at the time of
sale and is not required to be preprinted on the service contract.
(C) The existence and amount of any applicable deductible.
(D) The products and services to be provided under the service
contract, including any conditions, limitations, exceptions, and
exclusions.
(E) Whether the use of nonoriginal manufacturer parts is
allowed.
(F) Any applicable restrictions governing the transferability of
the service contract.
(G) The terms, restrictions, or conditions governing
cancellation, by the provider or the holder, of the service
contract before the termination or expiration date of the service
contract.
(H) All obligations and duties of the holder, including any
applicable:
(i) duty to protect the motor vehicle from additional damage;
and
(ii) motor vehicle service requirements, as provided in the
motor vehicle owner's manual, supplement, or guide.
(I) Whether the service contract provides for or excludes
consequential damages or preexisting conditions.
(3) Conspicuously set forth the following statement or a
substantially similar statement:
"This service contract is not insurance and is not subject to
Indiana insurance law.".
(4) If the service provider is insured under a service contract
reimbursement policy under section 11(a)(1)(A) of this chapter,
conspicuously state that if the provider fails to perform or make
payment due under the service contract within sixty (60) days
after the holder requests the performance or payment, the holder
may request the performance or payment directly from the insurer
that issued the provider's service contract reimbursement policy,
including any applicable requirement under the service contract
that the provider refund any part of the cost of the service contract
upon cancellation of the service contract.