New Jersey § 56:12-89

§ 56:12-89.

A regulated entity that provides or administers service contracts in this State, shall not use in its name , products, descriptions of products, advertisements, or any other materials the words “insurance,” “casualty,” “surety,” “mutual” or any other word descriptive

of the insurance, casualty, or surety business, and shall not use a name deceptively similar to the name or description of any insurance or surety

corporation, or to the name of any other regulated entity registered pursuant to section 4 of P.L.2013, c. 197 ( C.56:12-90 ) except that nothing in this section shall prevent a regulated entity that provides

or administers service contracts in this State, from using the terms to indicate that

service contracts do not constitute insurance, guaranties, warranties or extended

warranties. A regulated entity that provides or administers service contracts in this State

may use in its name, products, descriptions of products, advertisements or any other

materials the terms “guaranty” or “warranty,” but only if the regulated entity clearly

and conspicuously makes the following disclosure in any consumer contract or agreement,

any product description made available to a consumer, and any advertisements and related

materials in which that term is used: “The product being offered is a service contract

and is separate and distinct from any product or service warranty which may be provided

by the manufacturer, importer, or seller,” or, if the service contract is in the nature

of a home warranty, “The product being offered is a service contract and is separate

and distinct from any product or service warranty which may be provided by the home

builder or manufacturer.” A regulated entity that provides or administers service contracts in this State may

use in its name, products, descriptions of products, advertisements or any other materials

the term “extended warranty,” but only if the regulated entity clearly and conspicuously

makes the following disclosure in any consumer contract or agreement, any product

description made available to a consumer, and any advertisements and related materials

in which that term is used: “The product being offered is a service contract and

is separate and distinct from any product or service warranty which may be provided

by the manufacturer, importer, or seller, and does not extend the term of any original

product or service warranty that the manufacturer, importer, or seller may have provided,”

or, if the service contract is in the nature of an extended home warranty, “The product

being offered is a service contract and is separate and distinct from any product

or service warranty which may be provided by the home builder or manufacturer, and

does not extend the term of any original product or service warranty that the manufacturer,

importer, or seller may have provided.”