The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
SERVICE CONTRACT COMPANIES
(Cite as: 8 V.S.A. § 4253)
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§ 4253. Prohibited acts
(a) A provider shall not use in its name, contracts or literature:
(1) the words “insurance,” “casualty,” “surety,” “mutual”; or
(2) a name deceptively similar to the name or description of any insurance or surety corporation
or any other provider licensed to do business in this State.
(b) No provider or its agent shall advertise, print, display, publish, distribute, or
broadcast, or cause to permit the foregoing to occur, in any manner whatsoever, any
statement or representation with regard to the rates, terms, or conditions of a service
contract that is false, misleading, or deceptive.
(c) No service contract sold or offered for sale to a consumer in this State shall fail
to contain the authorization of the original service contract holder to return the
contract within 20 days of receipt of the contract if no claim has been made under
the contract and obtain a refund of the full purchase price of the contract. Each
provider shall provide or mail a copy of the service contract to the customer within
14 days of the date of sale, unless the provider makes a copy of the service contract
terms and conditions available to the consumer at the point of sale, in which event
the provider must provide or mail the service contract to the customer within a reasonable
period of time.
(d) Nothing in this subchapter shall be construed to impair or in any way affect any rule
of law applicable to or governing service contracts not otherwise subject to this
subchapter. (Added 1997, No. 109 (Adj. Sess.), § 2, eff. Sept. 1, 1998; amended 2021, No. 105 (Adj. Sess.), § 177, eff. July 1, 2022.)