§ 26-49-104 — Required provisions; reimbursement insurance policy

(a) Reimbursement insurance policies insuring service
contracts issued, sold or offered for sale in this state shall
state that the insurer that issued the reimbursement insurance
policy shall reimburse or pay on behalf of the provider any
covered sums the provider is legally obligated to pay or shall
provide the service which the provider is legally obligated to
perform according to the provider’s contractual obligations
under the insured service contracts issued or sold by the
provider.
(b) In the event covered service is not provided by the
service contract provider within sixty (60) days of proof of
loss by the service contract holder, the contract holder is
entitled to apply directly to the reimbursement insurance
company.