§ 4-90-506 - Required service contract disclosures. - Arkansas Statutes

4-90-506. Required service contract disclosures.

All motor vehicle service contracts issued or sold for delivery in this state shall contain the following disclosures in a conspicuous and readable manner:

(1) The name and address of the provider and the holder;

(2) The total retail price of the service contract;

(3) The procedure for making a claim under the service contract, including the name, address, and telephone number of any person from whom approval is required before covered repairs may be commenced;

(4) The existence and amount of a deductible, if any;

(5) The motor vehicle parts and components covered under the service contract, and any limitations, exceptions, or exclusions;

(6) The terms, conditions, and restrictions governing transferability of the service contract, if any;

(7) The provisions governing termination and refunds in accordance with 4-90-507; and

(8) A statement that purchase of the motor vehicle service contract is not required in order to purchase or obtain financing for a motor vehicle.