N.Y. Insurance Law § 7904: Required disclosures; service contract reimbursement insurance policy

§ 7904. Required disclosures; service contract reimbursement insurance

policy. Service contract reimbursement insurance policies insuring

service contracts issued, sold or offered for sale in this state shall

state that, upon failure of the provider to perform under the service

contract, including failure to return the unearned provider fee

thereunder, the insurer that issued the service contract reimbursement

insurance policy shall pay on behalf of the provider any sums the

provider is legally obligated to pay under the service contract or shall

perform the service which the provider is legally obligated to perform

according to the provider's contractual obligations under the service

contracts issued or sold by the provider.