31A-6a-105. Prohibited acts.
(1) Except as provided in Subsection, a service contract provider or warrantor may not use in the service contract provider or warrantor's name, a contract, or literature: 31A-6a-104(2) any of the following words: "insurance"; "casualty"; "surety"; "mutual"; or another word descriptive of the insurance, casualty, or surety business; or a name deceptively similar to the name or description of: an insurance or surety corporation; or another service contract provider.
(2) A service contract provider, a service contract provider's representative, a warrantor, or a warrantor's representative may not: make, permit, or cause to be made a false or misleading statement in connection with the sale, offer to sell, or advertisement of a service contract or vehicle protection product; or deliberately omit a material statement that would be considered misleading if omitted, in connection with the sale, offer to sell, or advertisement of a service contract or vehicle protection product.
(3) A bank, savings and loan association, insurance company, or other lending institution may not require the purchase of a service contract as a condition of a loan.
(4) Except for a bank, savings and loan association, industrial bank, or credit union, a service contract provider may not sell, or be the obligated party for: a guaranteed asset protection waiver, unless registered with the commissioner under; Chapter 6b, Guaranteed Asset Protection Waiver Act a debt cancellation agreement, unless licensed by the commissioner; or a debt suspension agreement, unless licensed by the commissioner.
(5) A warrantor or the warrantor's representative may not: require the purchase of a vehicle protection product as a condition of the financing, lease, or purchase of a motor vehicle; or sell a vehicle protection product to a consumer before providing the consumer, for review, a copy of the vehicle protection product warranty that is filed with the Department of Insurance.