New York § 7906 Prohibited acts

New York Statutes

§ 7906 — Prohibited acts

New York § 7906

Law ISCInsurance

Art. 79Service Contracts

This text of New York § 7906 (Prohibited acts) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Insurance § 7906 (2026).

Text

§ 7906. Prohibited acts.

(a)A provider shall not use in its name the\nwords insurance, casualty, guaranty, surety, mutual or any other words\ndescriptive of the insurance, casualty, guaranty or surety business, or\na name deceptively similar to the name or description of any insurance\nor surety corporation or any other provider.\n (b) A provider shall not in its service contracts or literature make,\npermit or cause to be made any false or misleading statement, or\ndeliberately omit any material statement that would make the service\ncontracts or literature misleading if omitted, in connection with the\nsale, offer to sell, or advertisement of a service contract.\n (c) A person, including a bank, savings and loan association, lending\ninstitution, manufacturer or seller of any produc

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§ 7906. Prohibited acts. (a) A provider shall not use in its name the\nwords insurance, casualty, guaranty, surety, mutual or any other words\ndescriptive of the insurance, casualty, guaranty or surety business, or\na name deceptively similar to the name or description of any insurance\nor surety corporation or any other provider.\n (b) A provider shall not in its service contracts or literature make,\npermit or cause to be made any false or misleading statement, or\ndeliberately omit any material statement that would make the service\ncontracts or literature misleading if omitted, in connection with the\nsale, offer to sell, or advertisement of a service contract.\n (c) A person, including a bank, savings and loan association, lending\ninstitution, manufacturer or seller of any product, shall not require\nthe purchase of a service contract as a condition of a loan or other\nextension of credit or a condition for the sale or other disposition of\nany property. The superintendent may promulgate regulations necessary to\neffectuate this subsection as authorized by section seven thousand nine\nhundred eleven of this article.\n