1 | Representative(s) Kravitz offered the following: |
2 |
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3 | Substitute Amendment for Amendment (375235) |
4 | Remove line(s) 46-59 and insert: |
5 | h. Insurance covering communications insurance when the |
6 | insurance is included at no additional charge with the purchase |
7 | of a service contract and the service contract is not available |
8 | separately and when the person paying for the insurance: |
9 | (I) Has an ongoing contractual interest or other economic |
10 | interest in the communications equipment; |
11 | (II) Requires the communications equipment to deliver its |
12 | services; |
13 | (III) Discloses the cost of the insurance at the time the |
14 | communications equipment is sold; |
15 | (IV) Provides the insurance to every person who purchases |
16 | a service warranty contract on the equipment and does not |
17 | provide the insurance to anyone who does not purchase a service |
18 | warranty contract on the equipment; |
19 | (V) Discloses in writing the premium paid to the insurer |
20 | for the insurance, on a monthly basis for each item, to the |
21 | covered customer at the time the communications equipment is |
22 | sold and on the monthly bill provided to the covered customer; |
23 | (VI) Provides the insurance at no additional cost to every |
24 | person who purchases a service warranty contract on the |
25 | equipment and discloses to each customer to which a service |
26 | warranty contract is offered that the insurance is available |
27 | separately to anyone who does not purchase a service warranty |
28 | contract on the equipment for the same monthly premium disclosed |
29 | pursuant to sub-sub-subparagraph (III); |
30 | (VII) Provides to each insured a separate certificate or |
31 | policy of insurance that includes the name, address and toll- |
32 | free telephone number of the insurer and instructions for |
33 | filing a claim under the certificate or policy of insurance; and |
34 |
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35 | For purposes of this sub-subparagraph, the term "communications |
36 | equipment" means handsets, pagers, or personal digital |
37 | assistants used to originate or receive communications signals |
38 | or service. |
39 | 4. An officer of the service warranty association |
40 | certifies, under oath, annually to the Office of Insurance |
41 | Regulation that the retail charge for the service warranty |
42 | contract described in sub-sub-subparagraph (IV) does not include |
43 | any cost or charge for the insurance provided under this sub- |
44 | subparagraph. |
45 | 5. Service warranty contract fees may not be used in any |
46 | manner to directly or indirectly fund the cost of claims under |
47 | the insurance certificate or policy. |
48 | 6.4. Using the word "free" or words which imply the |