Tag Archives: NAIC Service Contract Model Act

NAIC Compendium of State Laws Related to: Service Contracts, Motor Clubs, Other Extended Warranties

Great resource for researching service contract, motor club and other extended warranty statutes by state.

NAIC Compendium of State Laws Related to: Service Contracts, Motor Clubs, Other Extended Warranties

Personal Safeguards Group, LLC has completed another project to direct source a Service Contract Reimbursement Policy for a Service Contract Program

Personal Safeguards Group, LLC has completed another project to direct source a Service Contract Reimbursement Policy for a Service Contract Program.

Service Contracts (extended warranties) have specific requirements on a state by state basis. The product is not insurance but does have significant requirements.

For retailers, manufacturers and marketers that serve as the provider (aka obligor) for a Service Contract Program (Extended Warranty Program) the placement of a Service Contract Reimbursement Insurance Policy “SCRIP” / Contractual Liability Insurance Policy “CLIP” is often the easiest way to comply with the regulations in many states.

Source:  http://personalsafeguardsgroup.com