[§481X-10]  Prohibited acts.  (a)  No
provider shall use in its name, the word "insurance",
"casualty", "surety", "mutual", or any other word
descriptive of the insurance, casualty, or surety business, or a name
deceptively similar to the name or description of any insurance or surety
corporation, or to the name of any other provider; provided that the word
"guaranty" or similar word may be used by a provider.  This section
shall not apply to a provider using any language prohibited by this section in
its name prior to July 1, 2000.



(b)  A provider or its representative shall not
in its service contracts or literature make, permit, or cause to be made, any
false or misleading statement, or deliberately omit any material statement that
would be considered misleading if omitted.



(c)  No person shall condition a loan or the
sale of any property on the purchase of a service contract. [L 2000, c 221, pt
of §2]



 



Revision Note



 



  "July 1, 2000" substituted for "the effective
date of this Act".