59B.06 ADDITIONAL REQUIRED DISCLOSURE; SERVICE CONTRACTS.
Subdivision 1.
Insurance disclosure. Service contracts insured under a reimbursement
insurance policy pursuant to section
59B.03, subdivision 4, clause (1), must contain a statement
in substantially the following form: "Obligations of the provider under this service contract are
insured under a service contract reimbursement insurance policy." The service contract must
also state the name and address of the insurer.
Subd. 2.
Disclosure of no insurance. Service contracts not insured under a reimbursement
insurance policy pursuant to section
59B.03, subdivision 4, clause (1), must contain a statement
in substantially the following form: "Obligations of the provider under this service contract are
backed by the full faith and credit of the provider."
History: 1Sp2005 c 1 art 5 s 6