210 Neb. Admin. Code, ch. 58, § 006 - Disclosure to service contract holders

Every motor vehicle service contract shall be written in clear, understandable language and shall be printed or typed in easy-to-read type, size and style, and shall not be issued, sold, or offered for sale in this state unless the contract:

006.01 Identifies the motor vehicle service contract provider and the service contract holder;

006.02 Conspicuously states that the obligations of the motor vehicle service contract provider to the service contract holder are guaranteed under a service contract reimbursement insurance policy;

006.03 Conspicuously states the name and address of the insurance company issuing the reimbursement insurance policy;

006.04 Sets forth the total purchase price and the terms under which it is to be paid;

006.05 Sets forth the procedure for making a claim, including an address and telephone number for claim assistance;

006.06 Conspicuously states the existence of a deductible amount, if any;

006.07 Clearly specifies the merchandise or services, or both, to be provided and any limitations, exceptions or exclusions;

006.08 Sets forth all of the obligations and duties of the service contract holder, such as the duty to prevent any further damage to the vehicle, the obligation to notify the provider in advance of any repair, etc., if any;

006.09 Sets forth any terms, restrictions, or conditions governing transferability of a service contract, if any; and

006.10 Sets forth applicable cancellation requirements.

Notes

210 Neb. Admin. Code, ch. 58, § 006