N.Y. Insurance Law § 7906: Prohibited acts

§ 7906. Prohibited acts. (a) A provider shall not use in its name the

words insurance, casualty, guaranty, surety, mutual or any other words

descriptive of the insurance, casualty, guaranty or surety business, or

a name deceptively similar to the name or description of any insurance

or surety corporation or any other provider.

(b) A provider shall not in its service contracts or literature make,

permit or cause to be made any false or misleading statement, or

deliberately omit any material statement that would make the service

contracts or literature misleading if omitted, in connection with the

sale, offer to sell, or advertisement of a service contract.

(c) A person, including a bank, savings and loan association, lending

institution, manufacturer or seller of any product, shall not require

the purchase of a service contract as a condition of a loan or other

extension of credit or a condition for the sale or other disposition of

any property. The superintendent may promulgate regulations necessary to

effectuate this subsection as authorized by section seven thousand nine

hundred eleven of this article.