§ 7906 — Prohibited acts

§ 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