Common use of STATE REQUIREMENTS AND DISCLOSURES Clause in Contracts

STATE REQUIREMENTS AND DISCLOSURES. Service Contracts governed by the law of the following states are amended as follows: Alabama: CANCELLATION section is amended to add the following: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within forty-five (45) days of receipt of returned Service Contract, if You cancel Your Service Contract within ninety (90) days of receipt of Your Service Contract. Any cancellation, expiration, or termination of this Service Contract, including by You or by Us, shall not cancel, expire or terminate the Arbitration Agreement and Class Action Waiver, which shall remain in effect (unless You opted out of the Arbitration Agreement and Class Action Waiver in a timely and proper manner). Florida: This Service Contract is between Xxxxxx Southern Insurance Company (License No. 03698) and You, the purchaser. The rate charged for this service contract is not subject to regulation by the Florida Office of Insurance Regulation. CANCELLATION section is deleted in its entirety and replaced with the following: You may cancel this Service Contract for any reason at any time. If You cancel Your Service Contract within ninety (90) days of receipt of Your Service Contract, You will receive a full refund of the price of this Service Contract, less the cost of claims paid. If You cancel after ninety (90) days of receipt of Your Service Contract return of premium shall be based upon ninety percent (90%) of the unearned pro-rata premium less any claims that have been paid or less the cost of repairs made on Your behalf. If this Service Contract is cancelled by Us or Administrator, return of premium shall be based upon one hundred percent (100%) of the unearned pro-rata premium less any claims that have been made or less the cost of repairs made on Your behalf. We may not cancel this Service Contract except for fraud, material misrepresentation or non-payment by You; or if required to do so by a regulatory authority. Notice of such cancellation will be in writing and given at least thirty (30) days prior to cancellation. Any cancellation, expiration, or termination of this Service Contract, including by You or by Us, shall not cancel, expire or terminate the Arbitration Agreement and Class Action Waiver, which shall remain in effect (unless You opted out of the Arbitration Agreement and Class Action Waiver in a timely and proper manner).

STATE REQUIREMENTS AND DISCLOSURES. Service Contracts governed by the law of the following states are amended as follows: Alabama: CANCELLATION section is amended to add the following: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within forty-five (45) days of receipt of returned Service Contract, if You cancel Your Service Contract within ninety (90) days of receipt of Your Service Contract. Any cancellation, expiration, or termination of this Service Contract, including by You or by Us, shall not cancel, expire or terminate the Arbitration Agreement and Class Action Waiver, which shall remain in effect (unless You opted out of the Arbitration Agreement and Class Action Waiver in a timely and proper manner). Florida: This Service Contract is between Xxxxxx Southern Insurance Company (License No. 03698) and You, the purchaser. The rate charged for this service contract is not subject to regulation by the Florida Office of Insurance Regulation. RTG-4WC (10.17) CANCELLATION section is deleted in its entirety and replaced with the following: You may cancel this Service Contract for any reason at any time. If You cancel Your Service Contract within ninety (90) days of receipt of Your Service Contract, Contract You will receive a full refund of the price of this Service Contract, less the cost of claims paid. If You cancel after ninety (90) days of receipt of Your Service Contract return of premium shall be based upon ninety percent (90%) of the unearned pro-rata premium less any claims that have been paid or less the cost of repairs made on Your behalf. If this Service Contract is cancelled by Us or Administrator, return of premium shall be based upon one hundred percent (100%) of the unearned pro-rata premium less any claims that have been made or less the cost of repairs made on Your behalf. We may not cancel this Service Contract except for fraud, material misrepresentation or non-payment by You; or if required to do so by a regulatory authority. Notice of such cancellation will be in writing and given at least thirty (30) days prior to cancellation. Any cancellation, expiration, or termination of this Service Contract, including by You or by Us, shall not cancel, expire or terminate the Arbitration Agreement and Class Action Waiver, which shall remain in effect (unless You opted out of the Arbitration Agreement and Class Action Waiver in a timely and proper manner).