NASHVILLE, Tenn. – July 28, 2016 – PRLog — Strategic Solutions Network (SSN) today launched the 7th Annual Extended Warranty and Service Contract Innovations Summit, to be held September 28-30, 2016 at the Renaissance Hotel.
Full Release: https://www.prlog.org/12576055-extended-warranty-service-contract-innovations-summit-to-showcase-latest-developments.html
If you are a P&C Agent or Broker trying to help a client obtain the correct type of insurance policy for state level compliance or lender requirements for a Service Contract Provider please feel free to contact Mike Frosch, President of Personal Safeguards Group, LLC.
Service Contract Reimbursement Insurance (SCRIP)
Contractual Liability Insurance Policy (CLIP)
Contractual Liability Reimbursement Policy (CLRP)
Utah Code, 31A-6a, Chapter 6a Service Contracts has been amended and expands the definition of a Service Contract Reimbursement Policy or Reimbursement Insurance Policy to now read:
This is a requirement in Ohio that can be missed by a service contract provider for consumer goods service contracts.
Note item (B) related to the Reimbursement Insurance Policy requirement if a service contract on consumer goods covers power surges or accidental damage. (see below)
3905.423 Consumer goods contracts to be covered by reimbursement insurance. Continue reading