Prohibited Acts

(a)No service contract provider shall use in its name, the word insurance, casualty, surety, mutual, guarantee, 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 service contract provider. This Section shall not apply to a service contract provider using any language prohibited by this Section in its name prior to July 1, 2013.

(b)A service contract 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 goods on the purchase of a service contract.