Ga. Comp. R. & Regs. R. 120-2-47-.07 - Disclosure to Service Contract Holder
(1) A service contract shall not be issued,
sold or offered for sale in this State unless the contract conspicuously states
that the obligations of the provider to the service contract holder are
guaranteed under a service contract reimbursement policy, and unless the
contract conspicuously states the name and address of the insurer of the
reimbursement policy.
(2) Every
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:
(a) Conspicuously states that the obligations
of the provider to the service contract holder are guaranteed under a service
contract reimbursement policy;
(b)
Conspicuously states the name and address of the issuer of the reimbursement
policy;
(c) Conspicuously states
the name, address and telephone number of the provider(s);
(d) Conspicuously states the name, address
and telephone number of the administrator, if any;
(e) Identifies the provider, the seller and
the service contract holder;
(f)
Sets forth the total purchase price, if any, and the terms under which it is to
be paid;
(g) Sets forth the
procedure for making a claim, or request for benefits including a telephone
number;
(h) Conspicuously states
the existence of a deductible amount, if any;
(i) Specifies the merchandise or services, or
both, to be provided and the limitations, exceptions or exclusions;
(j) Sets forth the conditions on which
substitution will be allowed;
(k)
Conspicuously sets forth all of the obligations and duties of the service
contract holder (such as the duty to protect against any further damage to the
vehicle, the obligation to notify the provider in advance of any repair, etc.),
if any;
(l) Sets forth any terms,
restrictions, or conditions governing transferability of the service contract,
if any;
(m) Conspicuously sets
forth the term or duration of the contract; and
(n) Contains the provisions required under
O.C.G.A. ยง
33-7-6.
Notes
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