Is there any required language that must be disclosed in the service contracts?
Yes, service contracts marketed, issued, sold, or offered for sale should be easy to read and must disclose the requirements set forth in § 38-78-50 of the SC Code of Laws. In addition, the department requires that all service contract providers disclose the department name and address regarding disputed claims on their contracts.

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1. What is a service contract?
2. What is a warranty?
3. What is a provider?
4. Are the fees collected by the contract service provider subject to premium taxes?
5. What are the requirements of a service contract provider insuring service contracts under a reimbursement policy?
6. What are the requirements of a service contract provider insuring service contracts not covered under a reimbursement policy?
7. How long should a service contract provider preserve its records?
8. What are the procedures if a contract service provider cancels its reimbursement policy?
9. Is there a “free look” period in a service contract?
10. Is there any required language that must be disclosed in the service contracts?
11. Is a service contract an insurance policy?
12. Can a bank or lending institution require a borrower to purchase a service contract as a condition of a loan?