44-3522. Motor vehicle service contract; requirements.
123 words·~1 min read·
/ne/chapter-44/44-3522A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No motor vehicle service contract shall be issued, sold, or offered for sale in this state unless:
(1)The motor vehicle service contract provider is insured under a motor vehicle service contract reimbursement insurance policy issued by an insurer authorized to do business in this state;
(2)True and correct copies of the motor vehicle service contract and the motor vehicle service contract reimbursement insurance policy have been filed with the director; and
(3)The contract conspicuously states:
(a)That the obligations of the motor vehicle service contract provider to the service contract holder are covered under the motor vehicle service contract reimbursement insurance policy; and
(b)The name and address of the issuer of the motor vehicle service contract reimbursement insurance policy.